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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors 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 yield of 0.44%.

Alamos Gold has a dividend payout ratio of 7.9% indicating that 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 Stock Performance

Alamos Gold stock opened at $22.64 on Friday. Alamos Gold has a fifty-two week low of $11.36 and a fifty-two week high of $24.27. The stock’s 50 day simple moving average is $20.58 and its two-hundred day simple moving average is $19.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 0.40 and a beta of 1.16.

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

Analyst Ratings Changes

AGI has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.