#Main shareholder of Eldorado Gold

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Helikon Investments Ltd Reduces Stake in Eldorado Gold Corp

Helikon Investments Ltd Reduces Stake in Eldorado Gold Corp

On December 31, 2024, Helikon Investments Ltd (Trades, Portfolio) executed a notable transaction involving Eldorado Gold Corp (EGO, Financial). The firm reduced its holdings in the company by 2,239,685 shares, marking a change of -11.87%. This strategic move reflects Helikon's ongoing portfolio management efforts, as the firm continues to adjust its investments in response to market conditions and company performance metrics.

Helikon Investments Ltd (Trades, Portfolio): A Profile

Helikon Investments Ltd (Trades, Portfolio) is a distinguished investment firm headquartered in London, known for its focus on value investing. The firm manages an equity portfolio valued at approximately $950 million, with significant holdings in sectors such as Basic Materials and Industrials. Helikon's top holdings include companies like VEON Ltd (VEON, Financial), Eldorado Gold Corp (EGO, Financial), Skeena Resources Ltd (SKE, Financial), Corporacion America Airports SA (CAAP, Financial), and Vista Energy SAB de CV (VIST, Financial). This diverse portfolio underscores the firm's strategic approach to investing in high-potential sectors.

Understanding Eldorado Gold Corp

Eldorado Gold Corp is a Canadian-based producer of gold and base metals, with operations spanning Turkey, Canada, Greece, and Romania. The company boasts a market capitalization of $3.18 billion and is currently considered modestly overvalued with a GF Value of $13.64. Eldorado Gold's portfolio includes high-quality assets and long-term partnerships with local communities, with projects such as Kisladag, Efemcukuru, Skouries, Perama Hill, and Certej. The company's strategic positioning in the metals and mining industry highlights its potential for growth and stability.

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Eldorado Gold Corporation's (TSE:ELD) high institutional ownership speaks for itself as stock continues to impress, up 3.6% over last week

The company's largest shareholder is Helikon Investments Limited, with ownership of 14%