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

Several brokerages have recently commented on EGO. Credit Suisse Group AG downgraded shares of Eldorado Gold Corp. from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $5.25 in a research note on Thursday. HSBC reissued a “buy” rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. Raymond James Financial Inc. raised shares of Eldorado Gold Corp. from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Scotiabank raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. Finally, Howard Weil raised shares of Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Eldorado Gold Corp. presently has a consensus rating of “Buy” and a consensus price target of $4.98.

The company’s 50 day moving average price is $4.57 and its 200-day moving average price is $3.67. The stock’s market cap is $3.09 billion.

Other large investors recently added to or reduced their stakes in the company. 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. 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. 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 bought a new stake in Eldorado Gold Corp. during the fourth quarter valued at about $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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