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

EGO has been the topic of a number of research reports. Credit Suisse Group AG lowered Eldorado Gold Corp. from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $5.25 in a report on Thursday, July 21st. Dundee Securities raised Eldorado Gold Corp. from a “neutral” rating to a “buy” rating in a report on Monday, May 9th. HSBC reissued a “buy” rating on shares of Eldorado Gold Corp. in a report on Thursday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $7.00 price target (up previously from $6.00) on shares of Eldorado Gold Corp. in a report on Tuesday, May 17th. Finally, Howard Weil raised Eldorado Gold Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $4.98.

The stock has a 50-day moving average of $4.46 and a 200 day moving average of $3.76. The company’s market capitalization is $2.85 billion.

Eldorado Gold Corp. (NYSE:EGO) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. During the same quarter last year, the company earned $0.02 EPS. The business had revenue of $107 million for the quarter, compared to analyst estimates of $190.99 million. Eldorado Gold Corp.’s revenue was down 14.0% compared to the same quarter last year. Analysts predict that Eldorado Gold Corp. will post $0.07 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Eldorado Gold Corp. stock. I.G. Investment Management LTD. raised its stake in Eldorado Gold Corp. (NYSE:EGO) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,974,460 shares of the company’s stock after buying an additional 13,200 shares during the period. I.G. Investment Management LTD. owned approximately 0.56% of Eldorado Gold Corp. worth $11,783,000 as of its most recent SEC filing.

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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