Van ECK Associates Corp Sells 801,634 Shares of Eldorado Gold Co. (NYSE:EGO)

Van ECK Associates Corp trimmed its holdings in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,783,654 shares of the basic materials company’s stock after selling 801,634 shares during the quarter. Van ECK Associates Corp owned about 0.09% of Eldorado Gold worth $264,442,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Financial Management Professionals Inc. bought a new position in Eldorado Gold during the 3rd quarter worth $32,000. Blue Trust Inc. grew its holdings in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,336 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Eldorado Gold in the third quarter worth $36,000. Net Worth Advisory Group bought a new position in shares of Eldorado Gold in the third quarter worth $198,000. Finally, Toronto Dominion Bank raised its stake in Eldorado Gold by 84.9% in the third quarter. Toronto Dominion Bank now owns 18,543 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 8,512 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EGO shares. TD Securities cut their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating for the company in a report on Monday, November 4th. StockNews.com upgraded Eldorado Gold from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Scotiabank decreased their price target on Eldorado Gold from $18.50 to $16.50 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Eldorado Gold Trading Up 0.7 %

Shares of Eldorado Gold stock opened at $14.50 on Thursday. The firm has a market capitalization of $2.97 billion, a PE ratio of 10.82 and a beta of 0.93. The company has a current ratio of 3.37, a quick ratio of 2.54 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $15.31 and its 200 day moving average is $16.39. Eldorado Gold Co. has a 1 year low of $9.72 and a 1 year high of $19.06.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.