Eldorado Gold Corp. (NYSE:EGO)’s share price traded up 3.9% during trading on Thursday . The company traded as high as $4.54 and last traded at $4.49, with a volume of 2,623,813 shares traded. The stock had previously closed at $4.32.

A number of equities analysts have commented on the stock. Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $5.75 to $7.00 in a report on Monday, May 9th. Bank of America Corp. reaffirmed a “sell” rating on shares of Eldorado Gold Corp. in a report on Monday, May 16th. Raymond James Financial Inc. raised shares of Eldorado Gold Corp. from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $6.00 price objective (up previously from $4.00) on shares of Eldorado Gold Corp. in a report on Tuesday, May 10th. Finally, Zacks Investment Research raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Tuesday, April 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $5.05.

The firm’s market cap is $3.18 billion. The company has a 50 day moving average of $4.56 and a 200 day moving average of $3.66.

Several hedge funds and institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas purchased a new position in shares of Eldorado Gold Corp. during the fourth quarter worth approximately $1,485,000. 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 in 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 in the last quarter. Finally, 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 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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