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

A number of equities research analysts have recently issued reports on EGO shares. Credit Suisse Group AG upgraded shares of Eldorado Gold Corp. from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $3.25 to $4.00 in a report on Friday, April 8th. CIBC boosted their price target on shares of Eldorado Gold Corp. from $3.25 to $3.50 in a report on Friday, April 8th. TD Securities restated a “buy” rating and set a $6.00 price target (up previously from $5.50) on shares of Eldorado Gold Corp. in a report on Monday, May 16th. Royal Bank Of Canada restated an “outperform” rating and set a $6.00 price target (up previously from $4.00) on shares of Eldorado Gold Corp. in a report on Tuesday, May 10th. Finally, Zacks Investment Research downgraded shares of Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $5.05.

The stock’s market capitalization is $3.61 billion. The firm has a 50 day moving average price of $4.46 and a 200 day moving average price of $3.56.

A number of hedge funds recently made changes to their positions in EGO. Teacher Retirement System of Texas bought a new stake in shares of Eldorado Gold Corp. during the fourth quarter valued at approximately $1,485,000. State of Wisconsin Investment Board increased its stake 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 period. Shell Asset Management Co. increased its stake 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 period. Swiss National Bank increased its stake in shares of Eldorado Gold Corp. by 1.9% in the fourth quarter. Swiss National Bank now owns 6,680,100 shares of the company’s stock valued at $19,748,000 after buying an additional 122,500 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Eldorado Gold Corp. by 5.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,124,686 shares of the company’s stock valued at $6,310,000 after buying an additional 105,435 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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