Van Eck Associates Reduces $29M in Eldorado Gold Corporation ($EGO)
Key Points
- Van Eck Associates changed its Eldorado Gold Corporation ($EGO) stake by 6.50% last quarter, cutting to 13,436,979 shares worth $417.76 million.
- Wall Street's consensus rating on $EGO is Buy and an average price target of $42.17.
- $EGO last traded around $31.09.
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Van Eck Associates trimmed its position in Eldorado Gold Corporation ($EGO) by 6.50% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,436,979 shares of Eldorado Gold Corporation after selling 934,606 shares during the quarter. Van Eck Associates's holdings in Eldorado Gold Corporation were worth $417.76 million as of its most recent filing.
Eldorado Gold Corporation Stock Down 31.6%
Shares of Eldorado Gold Corporation ($EGO) traded around $31.09 on Saturday, down 31.6% for the day.
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About Eldorado Gold Corporation
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece. It primarily produces gold, as well as silver, lead, and zinc. The company holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Quebec, Canada; Olympias located in northern Greece; and Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was incorporated in 1996 and is headquartered in Vancouver, Canada.
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