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

Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) announced a quarterly dividend on Tuesday, November 22nd, Zacks reports. Shareholders of record on Tuesday, December 6th will be given a dividend of 0.025 per share by the basic materials company on Tuesday, December 20th. This represents a $0.10 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, December 5th.

Alamos Gold has raised its dividend payment by an average of 71.0% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Alamos Gold has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Alamos Gold to earn $0.58 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 17.2%.

Alamos Gold Stock Performance

Alamos Gold stock opened at $9.44 on Wednesday. Alamos Gold has a one year low of $6.35 and a one year high of $9.45. The company has a 50-day simple moving average of $7.81 and a 200-day simple moving average of $7.58. The firm has a market capitalization of $3.71 billion, a P/E ratio of 118.01, a P/E/G ratio of 4.18 and a beta of 1.02.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last announced its quarterly earnings results on Thursday, October 27th. The basic materials company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. The company had revenue of $213.60 million for the quarter, compared to analyst estimates of $210.80 million. Alamos Gold had a net margin of 3.28% and a return on equity of 4.13%. Alamos Gold’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. As a group, sell-side analysts forecast that Alamos Gold will post 0.27 earnings per share for the current year.

Institutional Trading of Alamos Gold

A number of large investors have recently added to or reduced their stakes in AGI. FMR LLC lifted its position in shares of Alamos Gold by 24.3% during the 2nd quarter. FMR LLC now owns 4,411,128 shares of the basic materials company’s stock valued at $30,945,000 after acquiring an additional 863,013 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Alamos Gold by 89.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,578,189 shares of the basic materials company’s stock valued at $13,288,000 after purchasing an additional 743,233 shares during the period. Renaissance Technologies LLC increased its stake in Alamos Gold by 6.7% in the 1st quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock worth $77,275,000 after purchasing an additional 579,511 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Alamos Gold by 208.1% during the 1st quarter. Evergreen Capital Management LLC now owns 431,151 shares of the basic materials company’s stock worth $3,630,000 after buying an additional 291,195 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Alamos Gold by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 13,312,053 shares of the basic materials company’s stock worth $98,641,000 after buying an additional 256,082 shares during the period. 50.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AGI has been the topic of several recent analyst reports. Scotiabank raised Alamos Gold from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $10.00 to $11.00 in a research note on Tuesday. National Bank Financial upped their price objective on shares of Alamos Gold from C$12.50 to C$13.00 in a report on Thursday, October 13th. TheStreet cut shares of Alamos Gold from a “b-” rating to a “c+” rating in a research note on Thursday, September 15th. Finally, StockNews.com started coverage on shares of Alamos Gold in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.61.

Alamos Gold Company Profile

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Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc

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Dividend History for Alamos Gold (NYSE:AGI)

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