Alamos Gold Inc. (AGI) to Issue Quarterly Dividend of $0.03 on December 19th

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, November 21st,NASDAQ Dividends reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.025 per share by the basic materials company on Thursday, December 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Thursday, December 5th.

Alamos Gold has raised its dividend payment by an average of 15.4% annually over the last three years. Alamos Gold has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Alamos Gold to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 9.3%.

Alamos Gold Trading Up 0.1 %

Shares of AGI stock opened at $18.88 on Friday. The firm’s 50 day moving average price is $19.88 and its two-hundred day moving average price is $18.06. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, analysts anticipate that Alamos Gold will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank upped their price target on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and an average target price of $25.06.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.