Cibc World Market Inc. Has $713,000 Stock Holdings in Eldorado Gold Co. (NYSE:EGO)

Cibc World Market Inc. trimmed its position in shares of Eldorado Gold Co. (NYSE:EGOGet Rating) (TSE:ELD) by 14.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,724 shares of the basic materials company’s stock after selling 18,333 shares during the quarter. Cibc World Market Inc. owned approximately 0.06% of Eldorado Gold worth $713,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Helikon Investments Ltd lifted its stake in shares of Eldorado Gold by 43.4% in the second quarter. Helikon Investments Ltd now owns 17,555,160 shares of the basic materials company’s stock worth $112,177,000 after acquiring an additional 5,309,742 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of Eldorado Gold by 133.0% in the first quarter. Donald Smith & CO. Inc. now owns 6,229,275 shares of the basic materials company’s stock worth $69,830,000 after acquiring an additional 3,556,207 shares during the period. Van ECK Associates Corp lifted its stake in shares of Eldorado Gold by 20.2% in the first quarter. Van ECK Associates Corp now owns 20,016,110 shares of the basic materials company’s stock worth $224,380,000 after acquiring an additional 3,364,476 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Eldorado Gold in the second quarter worth approximately $11,323,000. Finally, Royal Bank of Canada lifted its stake in shares of Eldorado Gold by 1,043.9% in the first quarter. Royal Bank of Canada now owns 1,779,308 shares of the basic materials company’s stock worth $19,945,000 after acquiring an additional 1,623,765 shares during the period. 59.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Eldorado Gold in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Stifel Nicolaus lowered their target price on Eldorado Gold from C$18.00 to C$17.00 in a report on Wednesday, October 19th. Canaccord Genuity Group lowered their target price on Eldorado Gold from C$11.00 to C$10.50 in a report on Monday, October 31st. TD Securities lowered their target price on Eldorado Gold from $8.50 to $7.50 and set a “hold” rating for the company in a report on Wednesday, August 3rd. Finally, National Bank Financial lifted their target price on Eldorado Gold from C$15.00 to C$15.50 in a report on Tuesday, August 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.63.

Eldorado Gold Trading Up 1.5 %

NYSE EGO opened at $6.93 on Tuesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -2.92 and a beta of 1.21. Eldorado Gold Co. has a 52 week low of $5.06 and a 52 week high of $12.49. The business has a 50 day moving average price of $6.17 and a 200-day moving average price of $6.56. The company has a quick ratio of 2.39, a current ratio of 3.61 and a debt-to-equity ratio of 0.16.

Eldorado Gold Profile

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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 Efemcukuru gold mines located in western Turkey; 100% interest in Lamaque gold mines 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.

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

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