Bank of New York Mellon Corp lessened its position in shares of Eldorado Gold Corp (NYSE:EGO) (TSE:ELD) by 19.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,667,208 shares of the basic materials company’s stock after selling 1,349,528 shares during the period. Bank of New York Mellon Corp’s holdings in Eldorado Gold were worth $5,004,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EGO. CIBC Asset Management Inc grew its holdings in Eldorado Gold by 180.0% during the 3rd quarter. CIBC Asset Management Inc now owns 1,412,649 shares of the basic materials company’s stock worth $1,235,000 after acquiring an additional 908,214 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Eldorado Gold during the 2nd quarter worth approximately $3,327,000. Schroder Investment Management Group grew its holdings in Eldorado Gold by 22.6% during the 2nd quarter. Schroder Investment Management Group now owns 5,149,397 shares of the basic materials company’s stock worth $6,093,000 after acquiring an additional 950,413 shares in the last quarter. BlackRock Inc. grew its holdings in Eldorado Gold by 2.1% during the 2nd quarter. BlackRock Inc. now owns 7,532,680 shares of the basic materials company’s stock worth $7,484,000 after acquiring an additional 157,562 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Eldorado Gold by 41.7% during the 3rd quarter. Bank of Montreal Can now owns 9,193,521 shares of the basic materials company’s stock worth $8,119,000 after acquiring an additional 2,705,113 shares in the last quarter.
Shares of Eldorado Gold stock opened at $4.00 on Thursday. Eldorado Gold Corp has a 12-month low of $2.52 and a 12-month high of $6.05. The company has a quick ratio of 4.79, a current ratio of 6.33 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $641.56 million, a PE ratio of 40.00, a P/E/G ratio of 5.60 and a beta of 1.67.
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Eldorado Gold Company 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.
Further Reading: What is a Leveraged Buyout (LBO)?
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