Alamos Gold Inc. (NYSE:AGI) Declares Quarterly Dividend of $0.03

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, November 21st,NASDAQ Dividends reports. Investors of record on Thursday, December 5th will be given a dividend of 0.025 per share by the basic materials company on Thursday, December 19th. This represents a $0.10 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, December 5th.

Alamos Gold has raised its dividend payment by an average of 15.4% annually over the last three years. Alamos Gold has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Alamos Gold to earn $1.08 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 9.3%.

Alamos Gold Trading Up 0.1 %

NYSE:AGI traded up $0.02 on Friday, hitting $18.88. 2,049,335 shares of the stock were exchanged, compared to its average volume of 2,366,601. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 0.85 and a beta of 1.19. The company’s 50-day moving average price is $19.88 and its 200 day moving average price is $18.06.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million for the quarter. On average, equities research analysts forecast that Alamos Gold will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

AGI has been the topic of a number of recent analyst reports. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upped their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.06.

About Alamos Gold

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.