Alliancebernstein L.P. Has $124,000 Holdings in Eldorado Gold Corporation (EGO)

Alliancebernstein L.P. lowered its stake in shares of Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) by 45.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 47,036 shares of the basic materials company’s stock after selling 39,415 shares during the period. Alliancebernstein L.P.’s holdings in Eldorado Gold Corporation were worth $124,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Eldorado Gold Corporation by 5.4% in the 2nd 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 last quarter. Franklin Resources Inc. boosted its stake in shares of Eldorado Gold Corporation by 18.7% in the 2nd quarter. Franklin Resources Inc. now owns 50,841,512 shares of the basic materials company’s stock worth $134,866,000 after buying an additional 8,006,424 shares during the last quarter. Intact Investment Management Inc. boosted its stake in shares of Eldorado Gold Corporation by 83.9% in the 2nd quarter. Intact Investment Management Inc. now owns 5,351,900 shares of the basic materials company’s stock worth $18,196,000 after buying an additional 2,441,800 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Eldorado Gold Corporation by 106.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,337,602 shares of the basic materials company’s stock worth $11,452,000 after buying an additional 2,232,134 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Eldorado Gold Corporation by 15.9% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,848,322 shares of the basic materials company’s stock worth $4,880,000 after buying an additional 253,684 shares during the last quarter. Institutional investors and hedge funds own 50.99% of the company’s stock.

Shares of Eldorado Gold Corporation (NYSE:EGO) opened at $1.15 on Thursday. The company has a quick ratio of 6.16, a current ratio of 7.80 and a debt-to-equity ratio of 0.16. The company has a market cap of $928.99, a P/E ratio of 58.50 and a beta of 1.17. Eldorado Gold Corporation has a 1-year low of $1.13 and a 1-year high of $3.91.

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.01) EPS for the quarter. The company had revenue of $95.35 million during the quarter, compared to the consensus estimate of $100.63 million. Eldorado Gold Corporation had a positive return on equity of 0.51% and a negative net margin of 5.02%. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS.

A number of brokerages have recently weighed in on EGO. Canaccord Genuity downgraded Eldorado Gold Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Eldorado Gold Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Credit Suisse Group upgraded Eldorado Gold Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, September 25th. Scotiabank downgraded 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. Finally, TD Securities set a $4.00 target price on Eldorado Gold Corporation and gave the stock a “buy” rating in a research note on Friday, October 20th. Six investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Eldorado Gold Corporation has a consensus rating of “Hold” and an average price target of $2.78.

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Eldorado Gold Corporation 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.

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

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