Eldorado Gold Corporation (NYSE:EGO – Get Free Report) (TSE:ELD) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.075 per share by the basic materials company on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, June 2nd.
Eldorado Gold has a dividend payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Eldorado Gold to earn $6.91 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 4.3%.
Eldorado Gold Stock Down 4.0%
Shares of Eldorado Gold stock traded down $1.23 during trading on Friday, reaching $29.86. The company had a trading volume of 3,752,571 shares, compared to its average volume of 2,900,462. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 0.14 and a beta of 0.66. The firm’s fifty day moving average is $36.62 and its 200-day moving average is $35.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.46 and a current ratio of 1.83. Eldorado Gold has a fifty-two week low of $17.18 and a fifty-two week high of $51.16.
About Eldorado Gold
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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