Shares of Eldorado Gold Corp. (NYSE:EGO) traded up 1.6% on Wednesday . The company traded as high as $5.02 and last traded at $4.99, with a volume of 2,393,727 shares. The stock had previously closed at $4.91.

A number of analysts recently weighed in on the stock. HSBC reaffirmed a “buy” rating on shares of Eldorado Gold Corp. in a report on Thursday, July 7th. Raymond James Financial Inc. raised shares of Eldorado Gold Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Credit Suisse Group AG reissued a “buy” rating and set a $6.00 target price on shares of Eldorado Gold Corp. in a research note on Sunday, June 5th. Scotiabank raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Finally, Howard Weil raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $5.05.

The stock’s market capitalization is $3.55 billion. The company has a 50-day moving average of $4.49 and a 200 day moving average of $3.59.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. I.G. Investment Management LTD. boosted its position in 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 worth $11,783,000 after buying an additional 13,200 shares in the last quarter. State of Wisconsin Investment Board boosted 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 in the last quarter. OppenheimerFunds Inc. boosted 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 in the last quarter. Teacher Retirement System of Texas acquired a new position in Eldorado Gold Corp. during the fourth quarter worth about $1,485,000. Finally, Shell Asset Management Co. boosted 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 in 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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