Alamos Gold Inc to Issue Quarterly Dividend of $0.01 (NYSE:AGI)

Alamos Gold Inc (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Friday, November 22nd, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.01 per share by the basic materials company on Friday, December 20th. This represents a $0.04 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, December 5th.

Alamos Gold stock opened at $5.74 on Wednesday. The stock has a market cap of $2.22 billion, a PE ratio of 114.80 and a beta of 0.22. The stock has a 50-day moving average of $5.33 and a two-hundred day moving average of $5.95. Alamos Gold has a one year low of $2.90 and a one year high of $7.78.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $172.90 million for the quarter, compared to the consensus estimate of $184.13 million. Alamos Gold had a negative net margin of 2.03% and a positive return on equity of 2.12%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts predict that Alamos Gold will post 0.21 EPS for the current fiscal year.

Several research firms have weighed in on AGI. Zacks Investment Research downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. ValuEngine cut shares of Alamos Gold from a “sell” rating to a “strong sell” rating in a report on Sunday, October 27th. Finally, Raymond James reaffirmed a “hold” rating and issued a $10.50 price target on shares of Alamos Gold in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.75.

Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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Dividend History for Alamos Gold (NYSE:AGI)

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