Alamos Gold Inc. (NYSE:AGI) Plans $0.04 Quarterly Dividend

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.04 per share by the basic materials company on Thursday, June 25th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th.

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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alamos Gold to earn $3.12 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 5.1%.

Alamos Gold Trading Up 2.9%

Shares of AGI opened at $39.61 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $43.13 and a 200-day simple moving average of $41.86. Alamos Gold has a 1-year low of $23.92 and a 1-year high of $55.41. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same period last year, the company posted $0.14 EPS. The company’s revenue was up 79.2% on a year-over-year basis. Equities analysts forecast that Alamos Gold will post 2.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGI. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Scotiabank raised their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Company Profile

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.