Eldorado Gold Corp. (NYSE:EGO) shares dropped 4.4% during trading on Friday . The company traded as low as $4.07 and last traded at $4.11, with a volume of 5,311,846 shares trading hands. The stock had previously closed at $4.30.

EGO has been the topic of a number of research analyst reports. Credit Suisse Group AG cut Eldorado Gold Corp. from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $5.25 in a research note on Thursday, July 21st. Dundee Securities raised Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, May 9th. HSBC reissued a “buy” rating on shares of Eldorado Gold Corp. in a research note on Thursday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $7.00 target price (up previously from $6.00) on shares of Eldorado Gold Corp. in a research note on Tuesday, May 17th. Finally, Howard Weil raised 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $4.98.

The company has a 50 day moving average of $4.51 and a 200 day moving average of $3.71. The company’s market capitalization is $2.93 billion.

Eldorado Gold Corp. (NYSE:EGO) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company earned $107 million during the quarter, compared to analysts’ expectations of $190.99 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities research analysts anticipate that Eldorado Gold Corp. will post $0.05 EPS for the current fiscal year.

Other hedge funds recently made changes to their positions in the company. I.G. Investment Management LTD. boosted its stake 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 valued at $11,783,000 after buying an additional 13,200 shares during the last quarter. State of Wisconsin Investment Board boosted its stake 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 valued at $1,837,000 after buying an additional 254,800 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake 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 valued at $20,094,000 after buying an additional 60,092 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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