Virtu KCG Holdings LLC Boosts Stake in Eldorado Gold Corporation (EGO)

Virtu KCG Holdings LLC lifted its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 144.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,295 shares of the basic materials company’s stock after buying an additional 107,157 shares during the period. Virtu KCG Holdings LLC’s holdings in Eldorado Gold Corporation were worth $479,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Essex Investment Management Co. LLC lifted its stake in shares of Eldorado Gold Corporation by 2.2% during the second quarter. Essex Investment Management Co. LLC now owns 52,990 shares of the basic materials company’s stock worth $140,000 after buying an additional 1,148 shares during the period. Advisor Group Inc. lifted its stake in shares of Eldorado Gold Corporation by 2.9% during the second quarter. Advisor Group Inc. now owns 67,710 shares of the basic materials company’s stock worth $175,000 after buying an additional 1,882 shares during the period. Aperio Group LLC lifted its stake in shares of Eldorado Gold Corporation by 28.6% during the second quarter. Aperio Group LLC now owns 43,832 shares of the basic materials company’s stock worth $116,000 after buying an additional 9,745 shares during the period. Gotham Asset Management LLC lifted its stake in shares of Eldorado Gold Corporation by 1.7% during the first quarter. Gotham Asset Management LLC now owns 996,223 shares of the basic materials company’s stock worth $3,397,000 after buying an additional 16,440 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Eldorado Gold Corporation by 5.4% during the second quarter. Wells Fargo & Company MN now owns 464,729 shares of the basic materials company’s stock worth $1,227,000 after buying an additional 24,001 shares during the period. Institutional investors and hedge funds own 55.07% of the company’s stock.

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EGO has been the subject of several recent research reports. ValuEngine cut shares of Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Credit Suisse Group cut shares of Eldorado Gold Corporation from a “neutral” rating to an “underperform” rating and set a $2.40 target price for the company. in a report on Monday, July 31st. Zacks Investment Research cut shares of Eldorado Gold Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Canaccord Genuity cut shares of Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Macquarie cut shares of Eldorado Gold Corporation from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $3.94.

Eldorado Gold Corporation (NYSE:EGO) opened at 2.26 on Thursday. The stock’s market cap is $1.62 billion. Eldorado Gold Corporation has a one year low of $1.77 and a one year high of $3.91. The company’s 50 day moving average is $2.17 and its 200 day moving average is $2.72.

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

About Eldorado Gold Corporation

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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