Gold Stock Up 200%: Investor Trims $10.6 Million From Eldorado Position
This multinational miner runs a vertically integrated gold business with operations spanning Turkey, Canada, and Greece.
On February 17, 2026, Equinox Partners Investment Management reported selling 355,000 shares of Eldorado Gold Corporation (EGO 0.06%), an estimated $10.63 million trade based on quarterly average pricing.What happenedAn SEC filing dated February 17, 2026, shows Equinox Partners Investment Management reduced its holdings in Eldorado Gold Corporation (EGO 0.06%) 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 knowThe 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 overviewMetricValuePrice (as of market close 2026-02-17)$45.33Market capitalization$9.
15 billionRevenue (TTM)$1.8 billionNet income (TTM)$507 millionCompany snapshotEldorado 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 investorsThis 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.