Eldorado Gold Co. (EGO) Plans Semiannual Dividend of $0.01
Eldorado Gold (NYSE:EGO) declared a semiannual dividend on Friday, January 17th, AnalystRatings.NET reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.0092 per share on Friday, February 14th. This represents a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, January 29th.
EGO has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Eldorado Gold from $8.00 to $7.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Raymond James cut their price target on shares of Eldorado Gold from $10.50 to $9.50 in a research note to investors on Friday. Finally, analysts at Morgan Stanley downgraded shares of Eldorado Gold from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, November 26th. They now have a $7.70 price target on the stock, down previously from $8.00. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.09.
Eldorado Gold (NYSE:EGO) traded up 4.87% during mid-day trading on Friday, hitting $6.68. The stock had a trading volume of 8,488,959 shares. Eldorado Gold has a one year low of $5.35 and a one year high of $13.26. The stock has a 50-day moving average of $5.75 and a 200-day moving average of $6.79. The company has a market cap of $4.774 billion and a price-to-earnings ratio of 30.62.
Eldorado Gold (NYSE:EGO) last announced its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.01. The company had revenue of $287.30 million for the quarter, compared to the consensus estimate of $275.16 million. During the same quarter last year, the company posted $0.11 earnings per share. Eldorado Gold’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Eldorado Gold will post $0.33 EPS for the current fiscal year.
Eldorado Gold Corporation (NYSE:EGO) is a gold exploration, development, mining and production company.
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