Eldorado Gold Corporation Plans Quarterly Dividend of $0.08 (NYSE:EGO)

by · The Markets Daily

Eldorado Gold Corporation (NYSE:EGO – Get Free Report) (TSE:ELD) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 27th will be given a dividend of 0.075 per share by the basic materials company on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Eldorado Gold has a payout ratio of -3,861.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Eldorado Gold to earn $2.00 per share next year, which means the company may not be able to cover its ($100.00) annual dividend with an expected future payout ratio of -5,000.0%.

Eldorado Gold Stock Performance

Shares of EGO traded up $0.36 during trading hours on Thursday, reaching $45.21. 2,888,418 shares of the company traded hands, compared to its average volume of 1,751,773. Eldorado Gold has a 1-year low of $13.29 and a 1-year high of $46.44. The stock has a market cap of $8.98 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 0.22 and a beta of 0.54. The stock’s fifty day moving average is $34.46 and its 200 day moving average is $28.28. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.28 and a current ratio of 2.79.

Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.08). The firm had revenue of $436.44 million for the quarter, compared to the consensus estimate of $422.25 million. Eldorado Gold had a net margin of 22.15% and a return on equity of 8.89%. Equities research analysts anticipate that Eldorado Gold will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EGO shares. Bank of America boosted their price objective on Eldorado Gold from $28.00 to $29.00 and gave the company an “underperform” rating in a research report on Monday, December 1st. Scotiabank lifted their price target on shares of Eldorado Gold from $25.50 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Eldorado Gold in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Eldorado Gold from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, National Bankshares reiterated an “outperform” rating on shares of Eldorado Gold in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Eldorado Gold has a consensus rating of “Moderate Buy” and an average target price of $31.20.

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Eldorado Gold Company Profile

(Get Free Report)

Eldorado Gold Corporation is a Canada‐based gold producer engaged in the acquisition, exploration, development and operation of mineral properties. The company’s core focus is on gold, silver and select base metals, with an emphasis on advancing projects through feasibility and into production. Eldorado Gold maintains a diversified portfolio of both producing mines and advanced‐stage development projects.

Operationally, Eldorado Gold manages multiple gold mining operations across Turkey, Canada and Greece.

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