Alamos Gold Inc. (NYSE:AGI) to Issue $0.03 Quarterly Dividend

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.025 per share by the basic materials company on Thursday, March 27th. This represents a $0.10 annualized dividend and a yield of 0.42%.

Alamos Gold has a dividend payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Alamos Gold to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.6%.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $23.55 on Thursday. The firm has a market cap of $9.90 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold has a 52 week low of $11.36 and a 52 week high of $24.27. The business’s fifty day simple moving average is $20.49 and its 200-day simple moving average is $19.83.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities analysts forecast that Alamos Gold will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AGI shares. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.