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

Key Points

• Alamos Gold Inc. has declared a quarterly dividend of $0.03 per share, payable to shareholders on September 15th, representing an annualized yield of 0.2%.
• The company's stock opened at C$41.02 and has a market capitalization of C$12.13 billion, with a twelve-month high of C$42.97 and a low of C$24.37.
• Alamos Gold operates three mines in North America, primarily generating revenue from the Young-Davidson Mine in Canada, which covers approximately 11,000 acres of mineral leases and claims.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI announced a quarterly dividend on Thursday, August 28th, RTT News reports. Stockholders of record on Thursday, September 11th will be paid a dividend of 0.025 per share on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 0.2%.

Alamos Gold Stock Up 4.5%

Shares of AGI traded up C$1.90 during trading hours on Tuesday, hitting C$43.74. The stock had a trading volume of 682,149 shares, compared to its average volume of 1,277,531. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a 50 day simple moving average of C$36.46 and a 200-day simple moving average of C$36.43. The firm has a market capitalization of C$18.39 billion, a P/E ratio of 53.34, a price-to-earnings-growth ratio of -2.10 and a beta of 0.51. Alamos Gold has a 1-year low of C$24.37 and a 1-year high of C$43.86.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America lifted their price target on Alamos Gold from C$50.50 to C$55.00 in a research note on Friday. National Bankshares lifted their price target on Alamos Gold from C$51.75 to C$52.25 and gave the company an "outperform" rating in a research note on Friday, June 27th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, TD Securities cut their price target on Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, Alamos Gold currently has an average rating of "Buy" and a consensus price target of C$46.21.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group's largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.