Shares of Eldorado Gold Corp. (NYSE:EGO) were down 3.4% during mid-day trading on Friday . The stock traded as low as $3.93 and last traded at $3.97, with a volume of 3,222,228 shares traded. The stock had previously closed at $4.11.

EGO has been the subject of several recent research reports. Canaccord Genuity raised shares of Eldorado Gold Corp. from a “hold” rating to a “buy” rating and increased their target price for the stock from $5.75 to $7.00 in a research report on Monday, May 9th. Bank of America Corp. reissued a “sell” rating on shares of Eldorado Gold Corp. in a research report on Monday, May 16th. Dundee Securities raised shares of Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a research report on Monday, May 9th. TD Securities reissued a “buy” rating and set a $6.00 target price (up from $5.50) on shares of Eldorado Gold Corp. in a research report on Monday, May 16th. Finally, HSBC reissued a “buy” rating on shares of Eldorado Gold Corp. in a research report on Thursday, July 7th. One equities research 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. Eldorado Gold Corp. has an average rating of “Buy” and a consensus price target of $4.98.

The firm’s 50 day moving average is $4.46 and its 200-day moving average is $3.76. The company’s market capitalization is $2.85 billion.

Eldorado Gold Corp. (NYSE:EGO) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. During the same period in the prior year, the firm posted $0.02 earnings per share. The company earned $107 million during the quarter, compared to the consensus estimate of $190.99 million. The company’s revenue was down 14.0% compared to the same quarter last year. On average, equities analysts forecast that Eldorado Gold Corp. will post $0.07 EPS for the current year.

A hedge fund recently raised its stake in Eldorado Gold Corp. stock. State of Wisconsin Investment Board raised its stake in Eldorado Gold Corp. (NYSE:EGO) by 69.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 622,503 shares of the company’s stock after buying an additional 254,800 shares during the period. State of Wisconsin Investment Board owned about 0.09% of Eldorado Gold Corp. worth $1,837,000 as of its most recent filing with the SEC.

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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