Gold Road May Be Hoarding Cash for M&A -- Market Talk

Dow Jones

02-24

2233 GMT - Gold Road Resources's decision to pay a dividend below market expectations could signal that M&A is on its radar, suggests Barrenjoey. Gold Road declared a final dividend of 1.5 Australian cents/share for a full year payout of 2 cents/share. Analyst Daniel Morgan says the dividend represented 25% of free cash flow in FY 2024 despite Gold Road having A$166 million cash on hand at the end of December and no debt. "This may indicate a desire to grow through inorganic growth," Barrenjoey says. It retains an underweight call on Gold Road, which has risen more than 70% in value over the past 12 months. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 23, 2025 17:33 ET (22:33 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 23, 2025 17:33 ET (22:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOR.AU","symbol_name":"GOLD ROAD RESOURCES LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513765667","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513765667","pubTimestamp":1740349980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2233 GMT - Gold Road Resources's decision to pay a dividend below market expectations could signal that M&A is on its radar, suggests Barrenjoey. 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Gold Road declared a final dividend of 1.5 Australian cents/share for a full year payout of 2 cents/share. Analyst Daniel Morgan says the dividend represented 25% of free cash flow in FY 2024 despite Gold Road having A$166 million cash on hand at the end of December and no debt. \"This may indicate a desire to grow through inorganic growth,\" Barrenjoey says. It retains an underweight call on Gold Road, which has risen more than 70% in value over the past 12 months. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 23, 2025 17:33 ET (22:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1}}}