Alamos Gold Inc. (AGI) To Go Ex-Dividend on September 10th

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

Alamos Gold has increased its dividend by an average of 0.1%per year over the last three years. Alamos Gold has a dividend payout ratio of 10.7% meaning 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 Trading Down 0.0%

Shares of AGI stock opened at $36.96 on Tuesday. Alamos Gold has a 1 year low of $27.05 and a 1 year high of $55.41. The firm has a market capitalization of $15.47 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.50 and a beta of 0.61. The stock has a fifty day moving average of $32.29 and a two-hundred day moving average of $39.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. As a group, research analysts expect that Alamos Gold will post 2.12 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on AGI shares. Jefferies Financial Group decreased their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

About Alamos Gold

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.