Alamos Gold Inc (AGI) to Issue Quarterly Dividend of $0.01 on September 30th

Alamos Gold Inc (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, August 29th, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.01 per share by the basic materials company on Monday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, September 13th.

Alamos Gold has decreased its dividend by an average of 20.6% annually over the last three years. Alamos Gold has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alamos Gold to earn $0.22 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 18.2%.

AGI traded up $0.01 during trading on Wednesday, hitting $6.47. 158,982 shares of the stock were exchanged, compared to its average volume of 2,703,914. The firm has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $5.64. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 129.40, a P/E/G ratio of 0.55 and a beta of 0.26. Alamos Gold has a 1 year low of $2.90 and a 1 year high of $7.78.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. Alamos Gold had a positive return on equity of 1.16% and a negative net margin of 3.77%. The business had revenue of $168.10 million during the quarter, compared to analyst estimates of $167.01 million. During the same period in the previous year, the company posted $0.01 EPS. Alamos Gold’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Alamos Gold will post 0.21 EPS for the current year.

AGI has been the subject of a number of research reports. CIBC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Alamos Gold in a research note on Friday, June 21st. Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Tuesday, July 9th. ValuEngine upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Canaccord Genuity raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Finally, TheStreet upgraded shares of Alamos Gold from a “d+” rating to a “c-” rating in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $6.62.

About Alamos Gold

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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Dividend History for Alamos Gold (NYSE:AGI)

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