Eldorado Gold Corp. (NYSE:EGO) shares fell 5.8% on Wednesday . The stock traded as low as $4.39 and last traded at $4.42, with a volume of 3,446,977 shares changing hands. The stock had previously closed at $4.69.

Several brokerages recently weighed in on EGO. Credit Suisse Group AG upgraded Eldorado Gold Corp. from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $3.25 to $4.00 in a research report on Friday, April 8th. CIBC boosted their price objective on Eldorado Gold Corp. from $3.25 to $3.50 in a research report on Friday, April 8th. TD Securities restated a “buy” rating and issued a $6.00 price objective (up from $5.50) on shares of Eldorado Gold Corp. in a research report on Monday, May 16th. Zacks Investment Research cut Eldorado Gold Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $6.00 price objective (up from $4.00) on shares of Eldorado Gold Corp. in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Eldorado Gold Corp. has an average rating of “Buy” and a consensus price target of $4.98.

The firm has a 50-day moving average price of $4.57 and a 200-day moving average price of $3.66. The company’s market cap is $3.18 billion.

Several institutional investors have modified their holdings of EGO. Teacher Retirement System of Texas acquired a new position in shares of Eldorado Gold Corp. during the fourth quarter worth about $1,485,000. OppenheimerFunds Inc. increased its position 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 worth $20,094,000 after buying an additional 60,092 shares during the period. State of Wisconsin Investment Board increased its position 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 worth $1,837,000 after buying an additional 254,800 shares during the period. Finally, I.G. Investment Management LTD. increased its position 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 worth $11,783,000 after buying an additional 13,200 shares during the period.

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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