Eldorado Gold Corporation (EGO) to Issue Quarterly Dividend of $0.08 on March 13th

Eldorado Gold Corporation (NYSE:EGO) (TSE:ELD) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Friday, February 27th will be paid a dividend of 0.075 per share by the basic materials company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, February 27th.

Eldorado Gold has a dividend 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 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 Up 2.3%

NYSE EGO opened at $46.20 on Friday. Eldorado Gold has a twelve month low of $13.29 and a twelve month high of $46.48. The stock has a market cap of $9.17 billion, a PE ratio of 25.67, a PEG ratio of 0.23 and a beta of 0.54. The firm has a 50-day simple moving average of $35.17 and a 200 day simple moving average of $28.57. 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) (TSE:ELD) last posted its quarterly earnings results on Thursday, October 30th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.08). Eldorado Gold had a net margin of 22.15% and a return on equity of 8.89%. The firm had revenue of $436.44 million during the quarter, compared to analyst estimates of $422.25 million. On average, research analysts forecast that Eldorado Gold will post 1.5 EPS for the current year.

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.