Helikon Investments Ltd Has $327.79 Million Position in Eldorado Gold Co. (NYSE:EGO)

Helikon Investments Ltd reduced its stake in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,871,218 shares of the basic materials company’s stock after selling 4,965,361 shares during the quarter. Eldorado Gold accounts for 29.4% of Helikon Investments Ltd’s holdings, making the stock its biggest holding. Helikon Investments Ltd owned approximately 9.22% of Eldorado Gold worth $327,793,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Eldorado Gold during the 3rd quarter worth approximately $32,000. International Assets Investment Management LLC bought a new stake in Eldorado Gold during the third quarter worth $394,000. U S Global Investors Inc. boosted its holdings in shares of Eldorado Gold by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 277,019 shares of the basic materials company’s stock valued at $4,812,000 after purchasing an additional 15,351 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Eldorado Gold by 33.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company’s stock valued at $3,515,000 after purchasing an additional 50,500 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Eldorado Gold by 232.8% during the 3rd quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,336 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on Eldorado Gold from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC lifted their price target on shares of Eldorado Gold from $18.00 to $22.50 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Finally, Scotiabank upped their price objective on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Eldorado Gold presently has an average rating of “Hold” and a consensus price target of $19.38.

Eldorado Gold Trading Down 3.7 %

NYSE EGO traded down $0.66 during trading hours on Thursday, reaching $17.30. The company’s stock had a trading volume of 398,974 shares, compared to its average volume of 1,505,798. The firm has a fifty day simple moving average of $17.45 and a 200-day simple moving average of $16.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.62 and a quick ratio of 2.65. Eldorado Gold Co. has a 52 week low of $9.72 and a 52 week high of $19.06. The stock has a market cap of $3.54 billion, a P/E ratio of 31.51 and a beta of 0.95.

About Eldorado Gold

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 Efemçukuru mines located in Turkey; Lamaque complex 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.