Alamos Gold Inc. (NYSE:AGI – Get 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.
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
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
- Five stocks we like better than Alamos Gold
- 3 Stocks Facing New Pressure From Section 338 Tariffs on Canadian Goods
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.
