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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI declared a quarterly dividend on Thursday, February 27th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, March 13th.

Alamos Gold has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of AGI traded up $0.20 during mid-day trading on Monday, reaching $23.06. 3,288,930 shares of the stock traded hands, compared to its average volume of 2,256,496. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 0.40 and a beta of 1.16. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $20.67 and a 200 day moving average price of $19.91. Alamos Gold has a 1 year low of $12.40 and a 1 year high of $24.27.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities research analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

AGI has been the subject of a number of research reports. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold has an average rating of "Buy" and an average target price of $26.06.

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.