Alamos Gold Inc. (NYSE:AGI) Declares $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

NYSE AGI opened at $23.55 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $20.49 and its 200-day simple moving average is $19.83. The company 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. Alamos Gold has a 1-year low of $11.36 and a 1-year high of $24.27.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AGI. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target 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.