Eldorado Gold Corp. (NYSE:EGO) was down 3.8% during trading on Thursday . The stock traded as low as $4.85 and last traded at $4.85, with a volume of 4,459,714 shares changing hands. The stock had previously closed at $5.04.

Several equities research analysts have recently commented on EGO shares. Scotiabank upgraded Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 18th. Canaccord Genuity raised Eldorado Gold Corp. from a “hold” rating to a “buy” rating and lifted their target price for the company from $5.75 to $7.00 in a research report on Monday, May 9th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $6.00 target price on shares of Eldorado Gold Corp. in a research report on Sunday, June 5th. Raymond James Financial Inc. raised Eldorado Gold Corp. from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Finally, Northcoast Research cut Eldorado Gold Corp. from a “buy” rating to a “neutral” rating in a research report on Saturday, March 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $5.05.

The stock’s 50 day moving average is $4.45 and its 200 day moving average is $3.55. The stock’s market cap is $3.44 billion.

Other hedge funds and institutional investors have recently made changes to their positions in the company. I.G. Investment Management LTD. raised 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 in the last quarter. State of Wisconsin Investment Board raised its position in 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 worth $1,837,000 after buying an additional 254,800 shares during the period. OppenheimerFunds Inc. raised its position in Eldorado Gold Corp. by 0.9% in the fourth quarter. OppenheimerFunds Inc. now owns 6,765,892 shares of the company’s stock worth $20,094,000 after buying an additional 60,092 shares during the period. Teacher Retirement System of Texas bought a new position in Eldorado Gold Corp. during the fourth quarter worth $1,485,000. Finally, Shell Asset Management Co. raised its position in Eldorado Gold Corp. by 21.5% in the fourth quarter. Shell Asset Management Co. now owns 948,766 shares of the company’s stock worth $3,890,000 after buying an additional 167,793 shares during the period.

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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