Eldorado Gold Corporation (NYSE:EGO – Get Free Report) (TSE:ELD) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.0750 per share by the basic materials company on Tuesday, December 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 1st.
Eldorado Gold has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eldorado Gold to earn $4.82 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 6.2%.
Eldorado Gold Stock Down 5.4%
Shares of EGO stock traded down $1.86 on Thursday, hitting $32.60. The stock had a trading volume of 6,256,370 shares, compared to its average volume of 2,944,169. The business has a 50 day moving average of $40.21 and a 200 day moving average of $36.99. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.29 and a beta of 0.67. Eldorado Gold has a 12-month low of $24.57 and a 12-month high of $51.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.31 and a quick ratio of 0.85.
Eldorado Gold (NYSE:EGO – Get Free Report) (TSE:ELD) last announced its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). Eldorado Gold had a net margin of 29.83% and a return on equity of 10.91%. The business had revenue of $511.90 million during the quarter, compared to the consensus estimate of $621.90 million. As a group, analysts expect that Eldorado Gold will post 3.02 EPS for the current year.
Institutional Trading of Eldorado Gold
Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Eldorado Gold by 39.0% in the second quarter. Van ECK Associates Corp now owns 18,678,256 shares of the basic materials company’s stock valued at $580,739,000 after purchasing an additional 5,241,277 shares during the period. Caisse de depot et placement du Quebec purchased a new stake in shares of Eldorado Gold during the second quarter worth $7,356,000. Jupiter Topco LLC acquired a new position in Eldorado Gold during the 2nd quarter worth approximately $3,621,000. Bank of America Corp DE purchased a new position in shares of Eldorado Gold in the 2nd quarter valued at about $18,797,000. Finally, Fund 1 Investments LLC purchased a new stake in shares of Eldorado Gold in the 2nd quarter valued at about $2,577,000. 69.58% of the stock is currently owned by institutional investors.
About Eldorado Gold
Eldorado Gold Corporation is a Canadian mining company focused on the exploration, development and operation of gold properties. The company produces gold and related by-products, including silver, and manages a portfolio of mines and development projects in Türkiye, Greece and Canada.
Eldorado’s operations and projects include the Kisladag and Efemcukuru gold mines in Türkiye, the Olympias polymetallic mine and Skouries copper-gold project in Greece, and the Lamaque gold operation in Quebec, Canada.
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