Gold Road Resources (ASX:GOR) is poised to return up to AU$200 million to shareholders within the year, supported by AU$1 billion in cash and investments, following a strong increase in its De Grey Mining (ASX:DEG) investment, according to a Wednesday note by Euroz Hartleys.
The potential payout, about AU$0.18 per share, comes as GOR's enterprise value holds steady at AU$1.7 billion, Euroz Harlteys said.
With a shift toward dependable production and shareholder returns, GOR has outperformed peers, since Northern Star Resources' (ASX:NST) bid for DEG, Euroz Hartelys added.
The firm maintained GOR's buy rating and believes that GOR should be bought on any significant weakness.
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