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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced a quarterly dividend on Thursday, November 21st,NASDAQ Dividends reports. Investors of record on Thursday, December 5th will be given a dividend of 0.025 per share by the basic materials company on Thursday, December 19th. This represents a $0.10 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, December 5th.

Alamos Gold has raised its dividend payment by an average of 15.4% annually over the last three years. Alamos Gold has a payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Alamos Gold to earn $1.08 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 9.3%.

Alamos Gold Stock Up 0.1 %

Shares of AGI opened at $18.88 on Friday. The stock has a market capitalization of $7.93 billion, a PE ratio of 31.46, a P/E/G ratio of 0.85 and a beta of 1.19. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $19.88 and its 200-day moving average is $18.06.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million for the quarter. Equities research analysts forecast that Alamos Gold will post 0.76 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada increased their price target on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.06.

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.