Eldorado Gold Corp. (NYSE:EGO)’s share price rose 4.1% during mid-day trading on Wednesday . The stock traded as high as $4.27 and last traded at $4.27, with a volume of 3,730,284 shares changing hands. The stock had previously closed at $4.10.

Several equities research analysts recently weighed in on EGO shares. CIBC raised their price target on shares of Eldorado Gold Corp. from $3.25 to $3.50 in a research report on Friday, April 8th. Zacks Investment Research raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Tuesday, April 5th. TD Securities reissued a “buy” rating and set a $4.50 price target (down previously from $5.00) on shares of Eldorado Gold Corp. in a research report on Thursday, March 31st. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $5.75 to $7.00 in a research report on Monday, May 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.98.

The stock’s market cap is $3.07 billion. The firm’s 50-day moving average price is $4.52 and its 200-day moving average price is $3.70.

Other large investors have recently bought and sold shares of 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 worth $20,094,000 after buying an additional 60,092 shares during the last quarter. 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 worth $1,837,000 after buying an additional 254,800 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Eldorado Gold Corp. during the fourth quarter worth approximately $1,485,000. Finally, 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 worth $11,783,000 after buying an additional 13,200 shares during 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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