Alliancebernstein L.P. decreased its stake in Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 86,451 shares of the basic materials company’s stock after selling 235 shares during the period. Alliancebernstein L.P.’s holdings in Eldorado Gold Corporation were worth $295,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Karp Capital Management Corp acquired a new position in Eldorado Gold Corporation during the first quarter valued at $116,000. World Asset Management Inc boosted its position in Eldorado Gold Corporation by 0.5% in the first quarter. World Asset Management Inc now owns 44,473 shares of the basic materials company’s stock valued at $152,000 after buying an additional 227 shares during the period. ING Groep NV boosted its position in Eldorado Gold Corporation by 1.3% in the first quarter. ING Groep NV now owns 52,917 shares of the basic materials company’s stock valued at $180,000 after buying an additional 701 shares during the period. Capstone Asset Management Co. boosted its position in Eldorado Gold Corporation by 3.6% in the first quarter. Capstone Asset Management Co. now owns 72,551 shares of the basic materials company’s stock valued at $247,000 after buying an additional 2,530 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Eldorado Gold Corporation during the first quarter valued at $390,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Shares of Eldorado Gold Corporation (NYSE:EGO) traded up 0.785% on Tuesday, hitting $1.925. The stock had a trading volume of 560,540 shares. The company’s market cap is $1.38 billion. The stock’s 50-day moving average price is $2.34 and its 200 day moving average price is $3.07. Eldorado Gold Corporation has a 52 week low of $1.77 and a 52 week high of $4.38.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.01 EPS for the quarter. Eldorado Gold Corporation had a return on equity of 1.41% and a net margin of 1.00%. The company had revenue of $82.70 million during the quarter, compared to the consensus estimate of $104.71 million. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. On average, analysts predict that Eldorado Gold Corporation will post $0.04 EPS for the current year.

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Several research firms have weighed in on EGO. BidaskClub raised Eldorado Gold Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday. Credit Suisse Group cut Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 target price on the stock. in a research note on Monday, July 31st. Scotiabank cut Eldorado Gold Corporation from an “outperform” rating to a “sector perform” rating and set a $4.00 target price on the stock. in a research note on Monday, July 31st. Canaccord Genuity cut Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine raised Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.68.

Eldorado Gold Corporation Company Profile

Eldorado Gold Corporation (Eldorado) is a gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, Tocantinzinho project and exploration activities in Brazil.

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

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