The company is now down since yesterday’s close of $1.85. Shares are trading at $1.83 a tad under $2.56, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $3.16. The 50 day moving average moved down $-0.73 and the 200 day average went down by -42.17%.
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, and Romania. It also explores for iron, silver, lead, and zinc. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interest in Olympias and Skouries, and 100% interest in Perama Hill gold projects in Greece; 81% interest in Certej gold project in Romania; 100% interest in Tocantinzinho gold project in Brazil; 95% interest in Stratoni lead and zinc mines in Greece; and 100% interest in Vila Nova iron ore mine in Brazil. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada..
Here are a few other firms who have also updated their positions. First Eagle Investment Management, LLC added to its investment by buying 1,275,000 shares an increase of 19.8% as of 06/30/2017. First Eagle Investment Management, LLC controls 7,718,257 shares with a value of $20,480,000. The total value of its holdings decreased 7.0%. Cidel Asset Management Inc grew its holdings by buying 74,300 shares an increase of 2.3% in the quarter. Cidel Asset Management Inc claims 3,318,838 shares valued at $8,794,000. The value of the position overall is down by 25.8%.
As of quarter end Nikko Asset Management Americas, Inc. had sold a total of 389,891 shares trimming its position 15.5%. The value of the company’s investment in Eldorado Gold Corporation Ordin went from $8,604,000 to $5,632,000 a change of 34.5% since the last quarter. As of the end of the quarter Jennison Associates LLC had disposed of 4,624,552 shares trimming its stake by 97.5%. The value of the investment in Eldorado Gold Corporation Ordin decreased from $15,234,000 to $312,000 decreasing 98.0% quarter to quarter.
On July 31 the company was set at “Sector Perform” in a report from Credit Suisse down from the previous “Outperform” rating. On June 29 the stock rating was downgraded from “Outperform” to “Sector Perform” in an announcement from RBC Capital.
On June 15 the company was downgraded to “Speculative Buy” from “Hold” by analysts at Canaccord Genuity. On September 14 the company was upgraded from “Underperform” to “Buy” in a report from Bank of America.
On September 11 the company was upgraded from “Neutral” to “Outperform” and a price target of $5.50 was set in a report issued by Credit Suisse. On July 21 the stock rating was downgraded from “Outperform” to “Neutral” in a statement from Credit Suisse.