Alamos Gold Inc. to Issue Quarterly Dividend of $0.04 (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGIGet Free Report) (TSE:AGI) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.04 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 10th.

Alamos Gold has raised its dividend payment by an average of 0.1%per year over the last three years. Alamos Gold has a dividend payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Alamos Gold to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 6.0%.

Alamos Gold Stock Up 1.1%

NYSE AGI opened at $37.98 on Friday. The firm has a market cap of $15.90 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.50 and a beta of 0.56. Alamos Gold has a one year low of $27.05 and a one year high of $55.41. The stock’s 50 day simple moving average is $31.61 and its 200 day simple moving average is $39.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67.

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The firm had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts forecast that Alamos Gold will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGI. Royal Bank Of Canada decreased their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group cut their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a report on Monday, July 6th. Bank of America reduced their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Get Our Latest Analysis on Alamos Gold

Alamos Gold Company Profile

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Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.

Further Reading

Dividend History for Alamos Gold (NYSE:AGI)

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