Gold Stock Up 200%: Investor Trims $10.6 Million From Eldorado Position
Key Points
Equinox Partners sold 355,000 shares of Eldorado Gold Corporation; the estimated transaction value was $10.63 million based on quarterly average prices.
Meanwhile, the quarter-end position value decreased by $8.16 million, reflecting both trading activity and stock price changes.
The post-transaction stake stood at 297,546 shares valued at $10.69 million.
The position now represents 5.58% of AUM, placing it outside the fund's top five holdings.
- 10 stocks we like better than Eldorado Gold ›
On February 17, 2026, Equinox Partners Investment Management reported selling 355,000 shares of Eldorado Gold Corporation (NYSE:EGO), an estimated $10.63 million trade based on quarterly average pricing.
What happened
An SEC filing dated February 17, 2026, shows Equinox Partners Investment Management reduced its holdings in Eldorado Gold Corporation (NYSE:EGO) by 355,000 shares during the fourth quarter of 2025. The estimated trade value was $10.63 million, based on the mean unadjusted closing price for the quarter. The value of the Eldorado Gold position at quarter-end fell by $8.16 million, reflecting both share sales and price movement.
What else to know
- The fund’s post-trade stake in Eldorado Gold Corporation now stands at 297,546 shares, worth $10.69 million, or 5.58% of its 13F AUM. This places the position outside the fund’s top five holdings.
- Top five holdings after the filing:
- NYSEMKT:GAU: $35.19 million (18.4% of AUM)
- NYSEMKT:GTE: $27.06 million (14.1% of AUM)
- NYSEMKT:ITRG: $23.69 million (12.4% of AUM)
- NYSEMKT:PSLV: $21.57 million (11.3% of AUM)
- NYSEMKT:NEWP: $19.78 million (10.3% of AUM)
- As of February 17, 2026, shares of Eldorado Gold Corporation were priced at $45.33, up about 200% over the previous year and vastly outperforming the S&P 500’s roughly 16% gain in the same period.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close 2026-02-17) | $45.33 |
| Market capitalization | $9.15 billion |
| Revenue (TTM) | $1.8 billion |
| Net income (TTM) | $507 million |
Company snapshot
- Eldorado Gold Corporation produces and sells gold as its primary product, with additional revenue from silver, lead, and zinc.
- The firm operates a vertically integrated mining business model, generating revenue through the exploration, development, extraction, and sale of mineral products from wholly owned and majority-owned mines in Turkey, Canada, and Greece.
- It’s headquartered in Vancouver, Canada, with a diversified portfolio of mining operations and development projects across multiple countries.
Eldorado Gold Corporation is a multinational gold producer with a diversified portfolio of mining operations and development projects across Turkey, Canada, and Greece. The company leverages a vertically integrated approach to maximize value from exploration through to mineral sales.
What this transaction means for investors
This sale is an example of monster rallies often forcing investors to ask a simple question: hold for more upside or lock in gains. After Eldorado Gold’s massive run over the past year, trimming exposure may simply reflect disciplined portfolio management rather than a shift in the long-term outlook for gold.
For portfolio context, the move fits a broader pattern. The fund still maintains heavy exposure to precious metals and resource companies, including major stakes in gold miners and a large position in a physical silver trust. At the same time, it trimmed another gold name this quarter after that stock also surged roughly 200%.
Operationally, Eldorado has been performing well. The miner produced about 488,000 ounces of gold in 2025 (the higher end of guidance) and generated strong operating cash flow, with $752 million coming from operating activities for the year. Adjusted EBITDA totaled roughly $836 million as higher gold prices and steady production supported profitability. The company also ended the year with nearly $870 million in cash, giving it flexibility to fund growth projects such as the Skouries copper-gold development in Greece.
Ultimately, the takeaway is that commodity-focused portfolios often rebalance after extreme moves, especially when prices outrun fundamentals. Taking profits in a cyclical sector does not necessarily mean the underlying thesis has changed.
Should you buy stock in Eldorado Gold right now?
Before you buy stock in Eldorado Gold, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Eldorado Gold wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $532,066!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,122,072!*
Now, it’s worth noting Stock Advisor’s total average return is 959% — a market-crushing outperformance compared to 193% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of March 5, 2026.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
