Jane Street Group LLC Boosts Position in Eldorado Gold Corporation (EGO)
Jane Street Group LLC increased its position in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,124,361 shares of the basic materials company’s stock after buying an additional 49,557 shares during the quarter. Jane Street Group LLC owned about 0.14% of Eldorado Gold worth $2,474,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Anchor Bolt Capital LP raised its stake in Eldorado Gold by 89.1% during the 3rd quarter. Anchor Bolt Capital LP now owns 6,910,852 shares of the basic materials company’s stock worth $15,204,000 after buying an additional 3,256,850 shares during the period. AMP Capital Investors Ltd raised its stake in shares of Eldorado Gold by 72.7% in the third quarter. AMP Capital Investors Ltd now owns 167,521 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 70,500 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Eldorado Gold by 5.5% in the third quarter. Allianz Asset Management GmbH now owns 4,034,170 shares of the basic materials company’s stock worth $8,838,000 after purchasing an additional 210,674 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Eldorado Gold in the third quarter worth approximately $2,569,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Eldorado Gold by 129.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 4,243,655 shares of the basic materials company’s stock worth $9,336,000 after purchasing an additional 2,395,333 shares during the last quarter. 52.94% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. BidaskClub raised Eldorado Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. Credit Suisse Group raised Eldorado Gold from an “underperform” rating to a “neutral” rating in a research note on Monday, September 25th. TD Securities lowered their price objective on Eldorado Gold from $4.75 to $4.25 and set a “buy” rating for the company in a research note on Tuesday, September 12th. J P Morgan Chase & Co downgraded Eldorado Gold from an “overweight” rating to a “neutral” rating in a research note on Monday, November 13th. Finally, Royal Bank Of Canada downgraded Eldorado Gold from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from $3.00 to $1.75 in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.98.
Eldorado Gold (NYSE:EGO) (TSE:ELD) last released its earnings results on Thursday, October 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $95.35 million during the quarter, compared to the consensus estimate of $100.63 million. Eldorado Gold had a negative net margin of 5.02% and a positive return on equity of 0.51%. The business’s revenue was down 18.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share.
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About Eldorado Gold
Eldorado Gold Corp is a Canada-based 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, the Tocantinzinho project and exploration activities in Brazil.
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