Eldorado Gold Corporation (NYSE:EGO) Position Cut by Parametric Portfolio Associates LLC

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BlackRock Inc. now owns 23,482,163 shares of the basic materials company's stock worth $445,925,000 after buying an additional 23,424,402 shares during the period. Hedge funds and other institutional investors own 58.87% of the company's stock. Van ECK Associates Corp raised its stake in Eldorado Gold Corporation by 16.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,608 shares of the basic materials company's stock valued at $106,000 after buying an additional 506 shares in the last quarter. The Heartland Advisors Inc holds 4.32M shares with $14.01M value, down from 4.69 million last quarter. Tocqueville Asset Management L.P. now owns 14,574,445 shares of the basic materials company's stock worth $49,710,000 after buying an additional 728,000 shares during the last quarter. This trading sentiment put the stock on Active spotlight.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Barrick Gold Corporation (ABX) stands at -9.68 while the industry's and the sector's growth for next 5 years ticked at -0.72 and 1.8 respectively. The company's 50-day moving average is $2.56 and its 200 day moving average is $3.16. Eldorado Gold Corporation has a 1-year low of $1.84 and a 1-year high of $4.38. The company has market cap of $19.42 billion. Barrick Gold Corporation also saw some unusual options trading activity on Wednesday. Traders bought 19,089 call options on the stock. Considering that the stock daily volume of 9.16 million shares, this represents a pretty noteworthy trading in volume size.

Barrick Gold Corporation (NYSE:ABX) (TSE:ABX) last announced its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $0.22 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.17 by $0.05. HSBC maintained Barrick Gold Corp (USA) (NYSE:ABX) rating on Tuesday, September 8.

Eldorado Gold Corp (NYSE:EGO)'s revenue estimates for the current quarter are $101.03 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $109 Million in contradiction of low revenue estimates of $88.32 Million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The company's revenue was down 22.8% on a year-over-year basis. Equities research analysts forecast that Barrick Gold Corporation will post $0.73 earnings per share for the current year. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.03 per share. The Company dividend yield observed at 0.72%. The rating was downgraded by Barclays Capital to "Equal Weight" on Friday, August 7. Barrick Gold Corporation's payout ratio is presently 5.94%.

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A number of other equities analysts have also recently issued reports on the stock. TD Securities reaffirmed a "hold" rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th.

More notable recent Barrick Gold Corp (USA) (NYSE:ABX) news were published by: Fortune.com which released: "Gold Prices Are Spiking Because People Are Freaked Out About Nuclear War" on August 09, 2017, also Fool.ca with their article: "Barrick Gold Corp.: Buy or Sell?" published on July 24, 2017, Fool.ca published: "Should Kinross Gold Corporation or Barrick Gold Corp". Jefferies Group LLC raised their price target on Barrick Gold Corporation from $21.00 to $24.00 and gave the stock a buy rating in a research report on Wednesday, April 19th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Eldorado Gold Corporation (NYSE:EGO) now has an average analyst recommendation of 2.50 according to analysts.

Eldorado Gold Corporation (NYSE:EGO) is the focus stock of the day and here we can take a look at several ratios to determine if it is fairly valued.

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