Alamos Gold Inc (TSE:AGI) Declares Quarterly Dividend of $0.01

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) declared a quarterly dividend on Thursday, August 29th, Zacks reports. Investors of record on Monday, September 16th will be given a dividend of 0.013 per share on Monday, September 30th. This represents a $0.05 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, September 13th.

TSE:AGI traded up C$0.04 during mid-day trading on Wednesday, reaching C$8.54. The company’s stock had a trading volume of 497,344 shares, compared to its average volume of 916,287. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.91 and a quick ratio of 1.82. The stock has a market cap of $3.31 billion and a P/E ratio of -123.77. The company’s fifty day simple moving average is C$9.28 and its two-hundred day simple moving average is C$7.49. Alamos Gold has a twelve month low of C$3.88 and a twelve month high of C$10.12.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.05 by C$0.02. The company had revenue of C$224.86 million for the quarter. Sell-side analysts expect that Alamos Gold will post 0.25 EPS for the current fiscal year.

In other Alamos Gold news, Senior Officer Christopher John Bostwick sold 35,322 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$9.85, for a total transaction of C$347,921.70. Following the transaction, the insider now owns 67,069 shares in the company, valued at C$660,629.65. Also, Senior Officer James Porter sold 13,600 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of C$9.91, for a total value of C$134,776.00. Following the transaction, the insider now owns 97,477 shares in the company, valued at approximately C$965,997.07. Over the last ninety days, insiders have sold 198,922 shares of company stock worth $1,884,583.

AGI has been the subject of several research analyst reports. Canaccord Genuity upped their price target on shares of Alamos Gold from C$9.50 to C$11.00 in a research report on Friday, July 19th. Bank of America lifted their target price on Alamos Gold from C$9.80 to C$10.55 in a report on Friday, August 16th. Raymond James reiterated a “market perform” rating and issued a C$10.00 target price on shares of Alamos Gold in a report on Thursday, August 1st. BMO Capital Markets boosted their price target on Alamos Gold from C$12.00 to C$18.50 in a research report on Wednesday. Finally, National Bank Financial upped their price target on Alamos Gold from C$9.75 to C$11.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$11.13.

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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Dividend History for Alamos Gold (TSE:AGI)

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