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 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 report on Friday, April 8th. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a report on Monday, May 9th. Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and upped their price objective for the company from $5.75 to $7.00 in a report on Monday, May 9th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Eldorado Gold Corp. in a research note 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 target price for the company in a research note on Tuesday, April 5th. One investment 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’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $5.05.

The stock’s market cap is $3.47 billion. The firm’s 50 day moving average is $4.54 and its 200 day moving average is $3.62.

Other hedge funds have bought and sold shares of the company. I.G. Investment Management LTD. boosted its stake 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 period. OppenheimerFunds Inc. boosted its stake 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 period. State of Wisconsin Investment Board boosted its stake 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 period. Finally, Teacher Retirement System of Texas acquired a new stake in Eldorado Gold Corp. during the fourth quarter valued at approximately $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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