Why City Of London Investment Group Plc Sold 13,625 Stock of Morgan Stanley India Investment Fund, Inc. (IIF)?; 7 Analysts Bullish Eldorado Gold (EGO)

February 23, 2018 - By Michael Collier

City Of London Investment Group Plc – a well informed person in Morgan Stanley India Investment Fund Inc – sold 13,625 shares of Morgan Stanley India Investment Fund Inc, that are worth $US 430,550 based on an average market stock price per share of $US 31.6. Currently, City Of London Investment Group Plc, owns 1.48 million shares, which accounts for 10.33% of the Company’s market capitalization.

Among 16 analysts covering Eldorado Gold Corporation (NYSE:EGO), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Eldorado Gold Corporation had 60 analyst reports since July 31, 2015 according to SRatingsIntel. As per Thursday, August 20, the company rating was initiated by TD Securities. Canaccord Genuity upgraded the shares of EGO in report on Friday, July 31 to “Buy” rating. The rating was downgraded by Macquarie Research to “Neutral” on Tuesday, September 12. The rating was downgraded by Bank of America to “Underperform” on Friday, March 11. The stock of Eldorado Gold Corporation (NYSE:EGO) has “Hold” rating given on Friday, July 28 by Canaccord Genuity. The firm has “Hold” rating given on Monday, November 13 by J.P. Morgan. On Monday, August 24 the stock rating was downgraded by Howard Weil to “Outperform”. The stock has “Speculative Buy” rating by Canaccord Genuity on Thursday, June 15. The firm has “Buy” rating given on Wednesday, September 14 by Bank of America. Zacks downgraded the stock to “Hold” rating in Monday, August 31 report. See Eldorado Gold Corporation (NYSE:EGO) latest ratings:

26/01/2018 Broker: Credit Suisse Rating: Hold New Target: $1.6 Upgrade
17/01/2018 Broker: Macquarie Research Old Rating: Neutral New Rating: Outperform Upgrade
13/11/2017 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
13/11/2017 Broker: J.P. Morgan Rating: Hold Downgrade
07/11/2017 Broker: TD Securities Rating: Hold New Target: $2.10 Target Down
31/10/2017 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
24/10/2017 Broker: RBC Capital Markets Rating: Hold Downgrade
19/10/2017 Broker: TD Securities Rating: Buy New Target: $4.25 Maintain
02/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $3.0 Maintain
25/09/2017 Broker: Credit Suisse Old Rating: Underperform New Rating: Neutral Upgrade

The stock decreased 0.92% or $0.01 during the last trading session, reaching $1.08. About 5.40M shares traded. Eldorado Gold Corporation (NYSE:EGO) has declined 23.79% since February 23, 2017 and is downtrending. It has underperformed by 40.49% the S&P500.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company has market cap of $844.63 million. The firm also explores for iron, silver, lead, and zinc. It currently has negative earnings. It holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; 95% interests in Olympias and Skouries, and 100% interests in Perama Hill gold projects in Greece; 81% interests in Certej gold project in Romania; 100% interests in Tocantinzinho gold project in Brazil; 95% interests in Stratoni lead and zinc mines in Greece; and 100% interests in Vila Nova iron ore mine in Brazil.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.40, from 1 in 2017Q2. It is positive, as 2 investors sold Morgan Stanley India Investment Fund, Inc. shares while 8 reduced holdings. 6 funds opened positions while 8 raised stakes. 5.97 million shares or 3.34% less from 6.18 million shares in 2017Q2 were reported. Karpus Management reported 43,387 shares. Barclays Plc stated it has 0% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). Cornerstone Advisors Inc owns 61,246 shares. Strs Ohio invested in 64,000 shares or 0.01% of the stock. Us Bancshares De owns 17 shares. Css Il invested 0.03% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). Morgan Stanley holds 0% or 15,837 shares in its portfolio. Letko Brosseau owns 500,150 shares or 0.16% of their US portfolio. Virtu Limited Liability Company accumulated 10,978 shares or 0% of the stock. Thomas J Herzfeld Advisors reported 3,674 shares or 0.06% of all its holdings. Moreover, Wells Fargo And Com Mn has 0% invested in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). City Of London Invest Mngmt Ltd holds 4.28M shares or 10.59% of its portfolio. Kistler has invested 0.01% in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF). Gould Asset Ltd Ca invested in 0.13% or 8,697 shares. National Bank & Trust Of America De reported 0% of its portfolio in Morgan Stanley India Investment Fund, Inc. (NYSE:IIF).

The stock increased 0.86% or $0.27 during the last trading session, reaching $31.76. About 33,635 shares traded. Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) has risen 34.34% since February 23, 2017 and is uptrending. It has outperformed by 17.64% the S&P500.

Since December 12, 2017, it had 0 insider buys, and 20 sales for $13.23 million activity. On Wednesday, January 24 CITY OF LONDON INVESTMENT GROUP PLC sold $1.34 million worth of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) or 38,318 shares.

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