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

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.

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.