Eldorado Gold Corporation (EGO) Institutional Ownership Summary

Eldorado Gold Corporation (NYSE:EGO) is now up 17.33% compared to a 12-month low of $0.80. We have seen the price to move -4.33% lower and get settled at $0.94 on 04/13/2018. At recent session, it appeared stuck in a range of $0.9281 to $0.98. This company shares are 110.64% off its target price of $1.98 and the current market capitalization stands at $747.58M. The recent change has given its price a -11.54% deficit over SMA 50 and -75.11% deficit over its 52-week high. The stock witnessed -13.67% declines, -25.91% declines and -58.36% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EGO’s volatility during a week at 4.36% and during a month it has been found around 5.96%.

Eldorado Gold Corporation (EGO) Top Holders

Institutional investors currently hold around $403 million or 75.8% in EGO stock. Look at its top three institutional owners. Van Eck Associates Corp owns $90.8 million in Eldorado Gold Corporation, which represents roughly 12.15% of the company’s market cap and approximately 22.53% of the institutional ownership. Similar statistics are true for the second largest owner, Franklin Resources Inc, which owns 53,691,965 shares of the stock are valued at $52.83 million. The third largest holder is Hexavest Inc., which currently holds $18.73 million worth of this stock and that ownership represents nearly 2.5% of its market capitalization.

Eldorado Gold Corporation 13F Filings

At the end of 12/31/2017 reporting period, 74 institutional holders increased their position in Eldorado Gold Corporation (NYSE:EGO) by some 56,096,102 shares, 70 decreased positions by 73,489,733 and 33 held positions by 280,324,444. That puts total institutional holdings at 409,910,279 shares, according to SEC filings. The stock grabbed 18 new institutional investments totaling 4,925,522 shares while 25 institutional investors sold out their entire positions totaling 27,189,554 shares.

Eldorado Gold Corporation (EGO) Analyst Guide

Several analysts have released their opinion on Eldorado Gold Corporation (NYSE:EGO), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 2 buy, 1 sell and 2 strong sell ratings, collectively assigning a 2.91 average brokerage recommendation.

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