Eldorado Gold Corp. (NYSE:EGO) was down 2% during mid-day trading on Thursday . The company traded as low as $4.81 and last traded at $4.86, with a volume of 2,685,222 shares changing hands. The stock had previously closed at $4.96.

A number of equities research analysts have recently issued reports on EGO shares. CIBC upped their price objective on shares of Eldorado Gold Corp. from $3.25 to $3.50 in a research note on Friday, April 8th. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th. Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and increased their price target for the company from $5.75 to $7.00 in a research report on Monday, May 9th. Credit Suisse Group AG reissued a “buy” rating on shares of Eldorado Gold Corp. in a research report on Monday, April 11th. Finally, Zacks Investment Research raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Eldorado Gold Corp. currently has a consensus rating of “Buy” and an average price target of $5.05.

The stock has a 50-day moving average of $4.52 and a 200 day moving average of $3.61. The firm’s market capitalization is $3.51 billion.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. 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 valued at $20,094,000 after buying an additional 60,092 shares during the last quarter. Swiss National Bank raised its position in 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 last quarter. I.G. Investment Management LTD. raised 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 valued at $11,783,000 after buying an additional 13,200 shares during the last quarter. 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 valued at $3,890,000 after buying an additional 167,793 shares during the last quarter. Finally, 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 valued at $1,837,000 after buying an additional 254,800 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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