Eldorado Gold Corp. (NYSE:EGO) shot up 1.6% during trading on Wednesday . The stock 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.

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

The company’s 50 day moving average price is $4.52 and its 200-day moving average price is $3.61. The company’s market cap is $3.56 billion.

Other hedge funds have made changes to their positions in the company. I.G. Investment Management LTD. increased its stake 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 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 last quarter. OppenheimerFunds Inc. increased its stake 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. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Eldorado Gold Corp. during the fourth quarter valued at $1,485,000.

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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