Cibc World Market Inc. Sells 46,674 Shares of Eldorado Gold Co. (NYSE:EGO)

Cibc World Market Inc. lessened its holdings in Eldorado Gold Co. (NYSE:EGO - Free Report) TSE: ELD by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 892,633 shares of the basic materials company's stock after selling 46,674 shares during the period. Cibc World Market Inc. owned 0.44% of Eldorado Gold worth $13,272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its stake in Eldorado Gold by 130.5% in the third quarter. BNP Paribas Financial Markets now owns 166,083 shares of the basic materials company's stock worth $2,885,000 after purchasing an additional 94,040 shares during the last quarter. Navellier & Associates Inc. purchased a new position in Eldorado Gold in the third quarter worth $878,000. JPMorgan Chase & Co. grew its holdings in shares of Eldorado Gold by 130.7% during the third quarter. JPMorgan Chase & Co. now owns 150,107 shares of the basic materials company's stock valued at $2,607,000 after buying an additional 85,053 shares during the last quarter. Equinox Partners Investment Management LLC grew its position in Eldorado Gold by 32.0% during the 3rd quarter. Equinox Partners Investment Management LLC now owns 989,376 shares of the basic materials company's stock worth $17,185,000 after purchasing an additional 239,800 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Eldorado Gold by 33.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 202,000 shares of the basic materials company's stock worth $3,515,000 after acquiring an additional 50,500 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Securities decreased their price target on shares of Eldorado Gold from $20.00 to $19.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Scotiabank decreased their price target on shares of Eldorado Gold from $20.00 to $18.50 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com cut shares of Eldorado Gold from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.50.

Eldorado Gold Stock Performance

Shares of Eldorado Gold stock traded up $0.26 during trading hours on Wednesday, reaching $15.79. The company's stock had a trading volume of 2,621,117 shares, compared to its average volume of 1,534,235. The company's 50 day simple moving average is $15.49 and its 200 day simple moving average is $16.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.54 and a current ratio of 3.37. Eldorado Gold Co. has a one year low of $9.72 and a one year high of $19.06. The stock has a market cap of $3.24 billion, a P/E ratio of 11.78 and a beta of 0.93.

Eldorado Gold Company Profile

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.