Eldorado Gold (NYSE:EGO) Lowered by CIBC

Finally, Two Sigma Investments LP acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $106,000.

CIBC downgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a neutral rating to a sector underperform rating in a research note published on Thursday, January 31st, MarketBeat Ratings reports.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity reiterated a hold rating on shares of Eldorado Gold in a report on Sunday, November 25th. ValuEngine raised shares of Eldorado Gold from a sell rating to a hold rating in a research note on Thursday, November 1st. BMO Capital Markets reaffirmed a hold rating on shares of Eldorado Gold in a research report on Monday, December 17th. TD Securities dropped their target price on shares of Eldorado Gold from $0.80 to $0.70 and set a reduce rating for the company in a report on Monday, October 29th. Finally, Zacks Investment Research downgraded shares of Eldorado Gold from a hold rating to a strong sell rating in a report on Friday, October 26th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $2.36.

Shares of EGO opened at $4.18 on Thursday. Eldorado Gold has a fifty-two week low of $2.52 and a fifty-two week high of $6.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.79 and a current ratio of 6.33. The stock has a market cap of $663.79 million, a price-to-earnings ratio of 41.80, a P/E/G ratio of 5.54 and a beta of 1.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brave Asset Management Inc. acquired a new position in Eldorado Gold during the fourth quarter worth about $36,000. Legal & General Group Plc grew its position in shares of Eldorado Gold by 2.5% in the third quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock valued at $494,000 after purchasing an additional 13,649 shares during the last quarter. Signition LP acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $43,000. Acadian Asset Management LLC acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $98,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Eldorado Gold in the fourth quarter valued at approximately $106,000.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.

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Eldorado Gold Corp (EGO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) by 88.0% in the 3rd quarter, according to the …

Eldorado Gold logoRenaissance Technologies LLC cut its stake in shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) by 88.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,200 shares of the basic materials company’s stock after selling 2,945,200 shares during the quarter. Renaissance Technologies LLC owned 0.05% of Eldorado Gold worth $356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EGO. Tower Research Capital LLC TRC grew its position in shares of Eldorado Gold by 1,257.3% in the third quarter. Tower Research Capital LLC TRC now owns 227,252 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 210,509 shares during the last quarter. U S Global Investors Inc acquired a new stake in shares of Eldorado Gold in the third quarter valued at about $396,000. CIBC World Markets Inc. grew its position in shares of Eldorado Gold by 24.6% in the third quarter. CIBC World Markets Inc. now owns 755,430 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 149,331 shares during the last quarter. CIBC Asset Management Inc grew its position in Eldorado Gold by 180.0% during the third quarter. CIBC Asset Management Inc now owns 1,412,649 shares of the basic materials company’s stock worth $1,235,000 after buying an additional 908,214 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in Eldorado Gold by 22.6% during the second quarter. Schroder Investment Management Group now owns 5,149,397 shares of the basic materials company’s stock worth $6,093,000 after buying an additional 950,413 shares in the last quarter.

EGO opened at $4.18 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.33 and a quick ratio of 4.79. Eldorado Gold Corp has a 52 week low of $2.52 and a 52 week high of $6.05. The firm has a market cap of $663.79 million, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 5.54 and a beta of 1.67.

A number of research firms recently weighed in on EGO. Zacks Investment Research downgraded Eldorado Gold from a “buy” rating to a “hold” rating in a research report on Monday, February 11th. TD Securities raised Eldorado Gold from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $3.50 to $4.50 in a research report on Wednesday, February 6th. National Bank Financial raised Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 1st. BMO Capital Markets raised Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 target price on the stock in a research report on Friday, February 1st. Finally, CIBC downgraded Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research report on Thursday, January 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Eldorado Gold presently has a consensus rating of “Hold” and a consensus price target of $2.36.

TRADEMARK VIOLATION WARNING: This piece was reported by Fairfield Current and is the property of of Fairfield Current. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/02/16/renaissance-technologies-llc-sells-2945200-shares-of-eldorado-gold-corp-ego.html.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.

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Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)

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Eldorado Gold (NYSE:EGO) Upgraded at National Bank Financial

Two Sigma Investments LP bought a new position in Eldorado Gold in the fourth quarter worth about $106,000. Loews Corp bought a new position in …

Eldorado Gold Corp logoNational Bank Financial upgraded shares of Eldorado Gold (NYSE:EGO) (TSE:ELD) from a sector perform rating to an outperform rating in a research note issued to investors on Friday, February 1st, Marketbeat reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Eldorado Gold from a strong sell rating to a hold rating in a research note on Monday, November 19th. BMO Capital Markets upgraded Eldorado Gold from a market perform rating to an outperform rating and set a $3.81 target price for the company in a report on Friday, February 1st. CIBC downgraded Eldorado Gold from a neutral rating to a sector underperform rating in a research report on Thursday, January 31st. Canaccord Genuity restated a hold rating on shares of Eldorado Gold in a report on Monday, October 22nd. Finally, TD Securities lowered their price target on shares of Eldorado Gold from $0.80 to $0.70 and set a reduce rating for the company in a report on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $2.36.

NYSE EGO opened at $4.18 on Friday. Eldorado Gold has a twelve month low of $2.52 and a twelve month high of $6.05. The company has a current ratio of 6.33, a quick ratio of 4.79 and a debt-to-equity ratio of 0.17. The stock has a market cap of $635.21 million, a price-to-earnings ratio of 41.80, a PEG ratio of 5.54 and a beta of 1.67.

Institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP bought a new stake in shares of Eldorado Gold during the 4th quarter valued at about $156,000. Two Sigma Investments LP bought a new position in Eldorado Gold in the fourth quarter worth about $106,000. Loews Corp bought a new position in Eldorado Gold in the fourth quarter worth about $290,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Eldorado Gold in the fourth quarter worth about $521,000. Finally, Acadian Asset Management LLC bought a new stake in Eldorado Gold during the 4th quarter valued at approximately $98,000.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.

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Analyst Recommendations for Eldorado Gold (NYSE:EGO)

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BlackRock Inc. Sells 169258 Shares of Eldorado Gold Corp (NYSE:EGO)

BlackRock Inc. trimmed its position in shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) by 2.2% in the 3rd quarter, according to the company in …

Eldorado Gold logoBlackRock Inc. trimmed its position in shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,363,422 shares of the basic materials company’s stock after selling 169,258 shares during the period. BlackRock Inc. owned about 0.93% of Eldorado Gold worth $6,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in Eldorado Gold by 479.6% during the second quarter. Russell Investments Group Ltd. now owns 346,881 shares of the basic materials company’s stock worth $343,000 after purchasing an additional 287,028 shares during the period. CIBC Asset Management Inc raised its stake in shares of Eldorado Gold by 180.0% in the third quarter. CIBC Asset Management Inc now owns 1,412,649 shares of the basic materials company’s stock valued at $1,235,000 after acquiring an additional 908,214 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Eldorado Gold by 22.6% in the second quarter. Schroder Investment Management Group now owns 5,149,397 shares of the basic materials company’s stock valued at $6,093,000 after acquiring an additional 950,413 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Eldorado Gold by 41.7% in the third quarter. Bank of Montreal Can now owns 9,193,521 shares of the basic materials company’s stock valued at $8,119,000 after acquiring an additional 2,705,113 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Eldorado Gold in the second quarter valued at approximately $3,327,000.

A number of research firms have commented on EGO. Zacks Investment Research lowered shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Monday. BMO Capital Markets raised shares of Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 price target for the company in a report on Friday, February 1st. CIBC cut shares of Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research report on Thursday, January 31st. Canaccord Genuity reissued a “hold” rating on shares of Eldorado Gold in a research report on Sunday, November 25th. Finally, ValuEngine raised shares of Eldorado Gold from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.36.

Shares of EGO stock opened at $4.02 on Tuesday. Eldorado Gold Corp has a 52-week low of $2.52 and a 52-week high of $6.05. The stock has a market capitalization of $638.38 million, a PE ratio of 40.20, a PEG ratio of 5.60 and a beta of 1.67. The company has a current ratio of 6.33, a quick ratio of 4.79 and a debt-to-equity ratio of 0.17.

COPYRIGHT VIOLATION WARNING: This news story was first published by Fairfield Current and is owned by of Fairfield Current. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.fairfieldcurrent.com/news/2019/02/12/eldorado-gold-corp-ego-stake-lessened-by-blackrock-inc.html.

About Eldorado Gold

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.

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Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)

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Eldorado Gold (EGO) Shares Down 6%

Acadian Asset Management LLC acquired a new position in Eldorado Gold in the fourth quarter valued at about $98,000. Finally, CIBC World Markets …

Eldorado Gold logoEldorado Gold Corp (NYSE:EGO) (TSE:ELD)’s share price traded down 6% during trading on Wednesday . The company traded as low as $3.88 and last traded at $3.92. 3,677,249 shares changed hands during trading, an increase of 80% from the average session volume of 2,044,398 shares. The stock had previously closed at $4.17.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Eldorado Gold from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Tuesday. TD Securities raised shares of Eldorado Gold from a “reduce” rating to a “hold” rating and increased their price objective for the company from $3.50 to $4.50 in a research note on Wednesday. CIBC cut shares of Eldorado Gold from a “neutral” rating to a “sector underperform” rating in a research note on Thursday, January 31st. BMO Capital Markets raised shares of Eldorado Gold from a “market perform” rating to an “outperform” rating and set a $3.81 price target on the stock in a research note on Friday, February 1st. Finally, National Bank Financial raised shares of Eldorado Gold from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Eldorado Gold currently has an average rating of “Hold” and a consensus price target of $2.36.

The company has a quick ratio of 4.79, a current ratio of 6.33 and a debt-to-equity ratio of 0.17. The company has a market cap of $622.50 million, a price-to-earnings ratio of 38.75, a PEG ratio of 5.43 and a beta of 1.67.

Several hedge funds and other institutional investors have recently made changes to their positions in EGO. Brave Asset Management Inc. bought a new stake in Eldorado Gold in the fourth quarter valued at $36,000. Legal & General Group Plc boosted its holdings in Eldorado Gold by 2.5% in the third quarter. Legal & General Group Plc now owns 565,071 shares of the basic materials company’s stock valued at $494,000 after acquiring an additional 13,649 shares during the last quarter. Signition LP acquired a new position in Eldorado Gold in the fourth quarter valued at about $43,000. Acadian Asset Management LLC acquired a new position in Eldorado Gold in the fourth quarter valued at about $98,000. Finally, CIBC World Markets Inc. lifted its stake in Eldorado Gold by 24.6% in the third quarter. CIBC World Markets Inc. now owns 755,430 shares of the basic materials company’s stock valued at $667,000 after buying an additional 149,331 shares during the period.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/02/08/eldorado-gold-ego-shares-down-6.html.

About Eldorado Gold (NYSE:EGO)

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.

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