Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI announced a quarterly dividend on Friday, May 30th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be given a dividend of 0.025 per share by the basic materials company on Thursday, June 26th. This represents a $0.10 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, June 12th.
Alamos Gold has a payout ratio of 6.7% 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 Price Performance
AGI traded down $0.40 on Tuesday, hitting $26.95. 4,060,815 shares of the company's stock were exchanged, compared to its average volume of 2,770,470. Alamos Gold has a fifty-two week low of $15.01 and a fifty-two week high of $31.00. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 0.40 and a beta of 0.60. The firm has a 50-day moving average price of $26.73 and a 200-day moving average price of $23.01. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same period in the previous year, the company earned $0.13 EPS. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts anticipate that Alamos Gold will post 1.29 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in Alamos Gold in the first quarter valued at about $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Alamos Gold by 129.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company's stock valued at $27,111,000 after buying an additional 571,536 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company's stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada boosted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Bank of America lowered their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.
Get Our Latest Analysis on Alamos Gold
About Alamos Gold
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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.
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