Is Gold Headed Above $3,000 per Ounce? Here's How to Play It...

With so many strange events happening across the economy (the longest bear market for bonds since the Civil War... unprecedented bank closures... and soaring prices), it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices -- WITHOUT ever touching an ETF, mining stock, or even bullion.

ERIC
Telefonaktiebolaget LM Ericsson (publ)
NASDAQ
7.44
Open 8.34 Prev Close 8.5
High 8.51 Low 8.33
Volume 20,938,848 Volume (Avg) 17,210,984
52 Week High 13.83 52 Week Low 6.64
Market Cap 44B PE Ratio 0.00

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers hardware, software, and related services for radio access and transport, as well as related services, such as design, tuning, network rollout, and customer support. The Digital Services segment provides products and services for operators in the areas of business support systems, operations support systems, cloud core, cloud communication, and cloud infrastructure, as well as consulting, learning, and testing services. The Managed Services segment offers networks and IT managed, network design and optimization, and application development and maintenance services to operators. The Emerging Business and Other segment consists of emerging businesses, including Internet of Things; iconectiv; Cradlepoint that provides wireless edge WAN 4G and 5G enterprise solutions; new businesses; Red Bee Media business; and MediaKind platforms for compression video processing and storage. It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. The company was founded in 1876 and is headquartered in Stockholm, Sweden.

General

NameTelefonaktiebolaget LM Ericsson (publ)
TickerERIC
ExchangeNASDAQ
SectorTechnology
IndustryCommunication Equipment
CurrencyUSD
CountryUSA
Fiscal Year EndDecember
Full Time Employees100,824

Highlights

Analyst Target16.13
Market Cap43,968,876,544
PEG Ratio3.64

Share Stats

Shares Outstanding3,328,110,080
Shares Float2,887,932,241
Shares Short5,034,128
Institution Holdings10.22%

Highlights

Analyst Target16.13
Market Cap43,968,876,544
PEG Ratio3.64

Valuation

Trailing PE23.93
Forward PE19.96
Price/Sales (Trailing 12 Mt.)1.67
Price/Book (Most Recent Quarter)4.48

Dividend

Telefonaktiebolaget LM Ericsson (publ) pays out a dividend of $0.11 per share, with a dividend yield of 3.31%.

ERIC's last dividend payment was made to shareholders on October 15, 2020.

They pay out 42.71% of their earnings out as a dividend.

Recent Dividends

Apr 17, 2024$0.13
Oct 12, 2023$0.12
Oct 4, 2023$0.12
Apr 14, 2023$0.13
Oct 14, 2022$0.11
Apr 13, 2022$0.13
Oct 19, 2021$0.11
Apr 16, 2021$0.12
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