Eldorado Gold Corp (ELD) Announces Quarterly Dividend of $0.50

Eldorado Gold Corp (TSE:ELD) (NYSE:EGO) announced a quarterly dividend on Thursday, April 26th, RTT News reports. Stockholders of record on Tuesday, May 8th will be given a dividend of 0.50 per share on Tuesday, May 29th. This represents a $2.00 annualized dividend and a dividend yield of 165.29%. This is a boost from Eldorado Gold’s previous quarterly dividend of $0.02.

Shares of Eldorado Gold stock traded down C$0.02 during mid-day trading on Thursday, hitting C$1.21. The stock had a trading volume of 1,283,946 shares, compared to its average volume of 2,725,870. Eldorado Gold has a 12-month low of C$1.03 and a 12-month high of C$5.13.

Several analysts have recently weighed in on the stock. Canaccord Genuity increased their price target on shares of Eldorado Gold from C$1.25 to C$1.40 in a research note on Monday. Eight Capital lowered their price objective on shares of Eldorado Gold from C$1.60 to C$1.30 in a research report on Friday, March 23rd. BMO Capital Markets reaffirmed a “market perform” rating and set a C$1.50 price objective on shares of Eldorado Gold in a research report on Friday, March 23rd. Finally, Desjardins cut shares of Eldorado Gold from a “hold” rating to a “sell” rating and lowered their price objective for the stock from C$1.75 to C$1.00 in a research report on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Eldorado Gold has a consensus rating of “Hold” and a consensus price target of C$2.12.

In other Eldorado Gold news, insider Timothy Francis Garvin bought 90,000 shares of Eldorado Gold stock in a transaction on Friday, April 6th. The shares were bought at an average cost of C$1.23 per share, for a total transaction of C$110,700.00. Also, Director George Raymond Burns bought 388,400 shares of Eldorado Gold stock in a transaction on Friday, April 6th. The shares were acquired at an average price of C$1.25 per share, for a total transaction of C$485,500.00. Insiders have purchased a total of 478,700 shares of company stock valued at $596,497 in the last ninety days.

About Eldorado Gold

Eldorado Gold Corp is a Canada-based gold exploration, development and mining company. The Company’s geographical segments include Turkey, Brazil, Greece, Romania and Other. The Turkey segment includes the Kisladag and the Efemcukuru mines and exploration activities in Turkey. The Brazil segment includes the Vila Nova mine, the Tocantinzinho project and exploration activities in Brazil.

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