Eldorado Gold Corporation (NYSE:EGO) produced a 78.97% rally since recording the worst price of $2.52. Thanks to the latest 0.67% increase, it now trades at $4.51. Throughout the trading on 6/19/2019, the share price floated between $4.345 and $4.54. This company shares are -59.42% up from its target price of $1.83 and the current market capitalization stands at $726.79M. The recent change has given its price a 12.96% lead over SMA 50 and -22.24% deficit over its 52-week high. The stock witnessed 31.87% gains, -4.25% declines and 40.5% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EGO’s volatility during a week at 4.09% and during a month it has been found around 5.54%.
What Does Eldorado Gold Corporation (EGO) Do?
The company describes itself in regulatory filings as, “Eldorado Gold Corp. engages in the mining, development and exploration of gold. It has mining operations, ongoing development projects and exploration in Turkey, Canada, Greece, Brazil, Romania and Serbia. The company was founded by Richard J. Barclay, Marco Antonio Romero, and Gary D. Nordin on April 2, 1992 and is headquartered in Vancouver, Canada.” [Text can be found here: https://www.marketwatch.com/investing/stock/EGO/profile under company description.]Eldorado Gold Corporation (EGO) Top Holders
Institutional investors currently hold around $302 million or 75.8% in EGO stock. Look at its top three institutional owners: Van Eck Associates Corp owns $85.75 million in Eldorado Gold Corporation, which represents roughly 11.8% of the company’s market cap and approximately 28.39% of the institutional ownership. Similar statistics are true for the second largest owner, Franklin Resources Inc, which owns 4,490,075 shares of the stock are valued at $20.12 million. The third largest holder is Vanguard Group Inc, which currently holds $18.63 million worth of this stock and that ownership represents nearly 2.56% of its market capitalization.
At the end of March reporting period, 67 institutional holders increased their position in Eldorado Gold Corporation (NYSE:EGO) by some 17,613,105 shares, 52 decreased positions by 20,923,538 and 19 held positions by 28,929,031. That puts total institutional holdings at 67,465,674 shares, according to SEC filings. The stock grabbed 34 new institutional investments totaling 6,082,221 shares while 19 institutional investors sold out their entire positions totaling 5,582,207 shares.Eldorado Gold Corporation (EGO) Analyst Guide
Several analysts have released their opinion on Eldorado Gold Corporation (NYSE:EGO), with 0 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 5 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.86 average brokerage recommendation [T1].