Alamos Gold Inc (TSE:AGI) (NYSE:AGI) announced a quarterly dividend on Thursday, August 29th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.013 per share on Monday, September 30th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Friday, September 13th.
AGI traded up C$0.04 during trading on Wednesday, reaching C$8.54. 497,344 shares of the company’s stock were exchanged, compared to its average volume of 916,287. The company’s fifty day simple moving average is C$9.28 and its 200-day simple moving average is C$7.49. The stock has a market capitalization of $3.31 billion and a P/E ratio of -123.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.91 and a quick ratio of 1.82. Alamos Gold has a 1 year low of C$3.88 and a 1 year high of C$10.12.
Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.07 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. The firm had revenue of C$224.86 million for the quarter. Equities analysts forecast that Alamos Gold will post 0.25 EPS for the current year.
Several equities analysts have recently weighed in on AGI shares. Canaccord Genuity raised their price target on shares of Alamos Gold from C$9.50 to C$11.00 in a research note on Friday, July 19th. National Bank Financial increased their price objective on shares of Alamos Gold from C$9.75 to C$11.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Bank of America increased their price objective on shares of Alamos Gold from C$9.80 to C$10.55 in a report on Friday, August 16th. BMO Capital Markets raised their target price on shares of Alamos Gold from C$12.00 to C$18.50 in a research note on Wednesday. Finally, CIBC boosted their target price on Alamos Gold from C$9.00 to C$10.50 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$11.13.
In other Alamos Gold news, Director John Mccluskey sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$9.25, for a total value of C$925,000.00. Following the completion of the transaction, the director now owns 473,262 shares of the company’s stock, valued at approximately C$4,377,673.50. Also, Senior Officer James Porter sold 13,600 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of C$9.91, for a total transaction of C$134,776.00. Following the completion of the transaction, the insider now owns 97,477 shares of the company’s stock, valued at approximately C$965,997.07. Over the last ninety days, insiders sold 198,922 shares of company stock valued at $1,884,583.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
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