Eldorado Gold (EGO) Shares Bought by Commerzbank Aktiengesellschaft FI


Commerzbank Aktiengesellschaft FI boosted its holdings in Eldorado Gold (NYSE:EGO) (TSE:ELD) by 38.8% during the first quarter, Holdings Channel reports. The institutional investor owned 10,531,612 shares of the basic materials company’s stock after buying an additional 2,946,476 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Eldorado Gold were worth $8,847,000 at the end of the most recent quarter.


A number of other large investors have also modified their holdings of EGO. Tower Research Capital LLC TRC raised its holdings in shares of Eldorado Gold by 4,078.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 63,304 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 61,789 shares during the period. OTA Financial Group L.P. purchased a new position in shares of Eldorado Gold in the 4th quarter worth about $200,000. Two Sigma Securities LLC raised its holdings in shares of Eldorado Gold by 133.5% in the 4th quarter. Two Sigma Securities LLC now owns 164,139 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 93,849 shares during the period. ING Groep NV raised its holdings in shares of Eldorado Gold by 51.1% in the 4th quarter. ING Groep NV now owns 293,060 shares of the basic materials company’s stock worth $419,000 after purchasing an additional 99,108 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Eldorado Gold by 41.8% in the 4th quarter. Two Sigma Investments LP now owns 314,534 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 92,727 shares during the period. 48.97% of the stock is currently owned by hedge funds and other institutional investors.


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A number of equities analysts have recently commented on EGO shares. Zacks Investment Research downgraded Eldorado Gold from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Macquarie upgraded Eldorado Gold from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 17th. Credit Suisse Group upgraded Eldorado Gold from an “underperform” rating to a “neutral” rating and set a $1.60 price objective on the stock in a report on Friday, January 26th. ValuEngine downgraded Eldorado Gold from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Scotiabank cut their price objective on Eldorado Gold from $2.00 to $1.50 and set a “hold” rating on the stock in a report on Friday, March 23rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $1.20.


Shares of NYSE:EGO opened at $1.01 on Friday. The stock has a market cap of $770.19, a P/E ratio of 32.33, a P/E/G ratio of 16.63 and a beta of 1.38. The company has a current ratio of 6.96, a quick ratio of 4.98 and a debt-to-equity ratio of 0.16. Eldorado Gold has a one year low of $0.80 and a one year high of $3.76.

Eldorado Gold Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and Tocantinzinho gold project in Brazil.


Want to see what other hedge funds are holding EGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eldorado Gold (NYSE:EGO) (TSE:ELD).

Institutional Ownership by Quarter for Eldorado Gold (NYSE:<b><a href=EGO)' title='Institutional Ownership by Quarter for Eldorado Gold (NYSE:EGO)' />

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