Shares of Eldorado Gold Corp. (NYSE:EGO) rose 4% on Tuesday . The company traded as high as $4.97 and last traded at $4.90, with a volume of 5,773,596 shares. The stock had previously closed at $4.71.

EGO has been the subject of a number of analyst reports. Raymond James Financial Inc. increased their target price on shares of Eldorado Gold Corp. from $4.25 to $5.00 in a report on Monday, March 14th. CIBC increased their target price on shares of Eldorado Gold Corp. from $3.25 to $3.50 in a report on Friday, April 8th. Dundee Securities upgraded shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a report on Monday, May 9th. Canaccord Genuity upgraded shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and increased their target price for the stock from $5.75 to $7.00 in a report on Monday, May 9th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Eldorado Gold Corp. in a report on Monday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Eldorado Gold Corp. presently has an average rating of “Buy” and an average target price of $5.05.

The firm’s 50 day moving average is $4.44 and its 200 day moving average is $3.54. The stock’s market capitalization is $3.61 billion.

Other institutional investors have recently modified their holdings of the company. I.G. Investment Management LTD. increased its position in shares of Eldorado Gold Corp. by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 3,974,460 shares of the company’s stock valued at $11,783,000 after buying an additional 13,200 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of Eldorado Gold Corp. by 69.3% in the fourth quarter. State of Wisconsin Investment Board now owns 622,503 shares of the company’s stock valued at $1,837,000 after buying an additional 254,800 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Eldorado Gold Corp. by 0.9% in the fourth quarter. OppenheimerFunds Inc. now owns 6,765,892 shares of the company’s stock valued at $20,094,000 after buying an additional 60,092 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Eldorado Gold Corp. during the fourth quarter valued at approximately $1,485,000. Finally, Shell Asset Management Co. increased its position in shares of Eldorado Gold Corp. by 21.5% in the fourth quarter. Shell Asset Management Co. now owns 948,766 shares of the company’s stock valued at $3,890,000 after buying an additional 167,793 shares during the last quarter.

Eldorado Gold Corporation (Eldorado) owns and operates mines around the world, primarily gold mines but also a silver-lead-zinc mine. The Company’s activities involve all facets of the mining industry, including exploration, discovery, acquisition, financing, development, production and reclamation. Its business is focused in Brazil, China, Greece, Turkey and Romania.

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