Alamos Gold Inc. (AGI) to Issue $0.01 Semiannual Dividend
Alamos Gold Inc. (NYSE:AGI) announced a semiannual dividend on Friday, September 30th. Investors of record on Friday, October 14th will be paid a dividend of 0.01 per share on Monday, October 31st. This represents a dividend yield of 0.24%. The ex-dividend date is Wednesday, October 12th.
Shares of Alamos Gold (NYSE:AGI) opened at 8.20 on Monday. The company has a 50 day moving average of $8.22 and a 200 day moving average of $7.55. Alamos Gold has a 52 week low of $2.27 and a 52 week high of $10.41. The company’s market cap is $2.19 billion.
Alamos Gold (NYSE:AGI) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. The firm earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The firm’s quarterly revenue was up 68.7% on a year-over-year basis. On average, analysts expect that Alamos Gold will post $0.01 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Aristotle Capital Boston LLC raised its position in shares of Alamos Gold by 2.5% in the second quarter. Aristotle Capital Boston LLC now owns 290,632 shares of the company’s stock worth $2,499,000 after buying an additional 6,956 shares in the last quarter. Jane Street Group LLC raised its position in shares of Alamos Gold by 164.0% in the second quarter. Jane Street Group LLC now owns 139,149 shares of the company’s stock worth $1,197,000 after buying an additional 86,432 shares in the last quarter. Paloma Partners Management Co raised its position in shares of Alamos Gold by 253.1% in the second quarter. Paloma Partners Management Co now owns 88,983 shares of the company’s stock worth $765,000 after buying an additional 63,786 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Alamos Gold by 18.6% in the second quarter. Guggenheim Capital LLC now owns 398,977 shares of the company’s stock worth $3,431,000 after buying an additional 62,659 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of Alamos Gold by 29,840.1% in the second quarter. 1832 Asset Management L.P. now owns 250,000 shares of the company’s stock worth $1,895,000 after buying an additional 249,165 shares in the last quarter. Institutional investors and hedge funds own 60.54% of the company’s stock.
Several research analysts have recently weighed in on AGI shares. Credit Suisse Group AG raised shares of Alamos Gold from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $7.50 to $11.00 in a report on Thursday, June 30th. Zacks Investment Research cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. TheStreet cut shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Wednesday, August 31st. Raymond James Financial Inc. raised shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Finally, TD Securities reissued a “hold” rating and set a $11.50 price objective (up from $10.00) on shares of Alamos Gold in a report on Saturday, August 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Alamos Gold currently has a consensus rating of “Hold” and an average target price of $9.03.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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