Alamos Gold Inc. (AGI) To Go Ex-Dividend on October 13th
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced a Semi-Annual dividend on Friday, September 29th, Zacks reports. Shareholders of record on Monday, October 16th will be given a dividend of 0.01 per share by the basic materials company on Tuesday, October 31st. This represents a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 13th.
Alamos Gold has decreased its dividend by an average of 53.6% per year over the last three years. Alamos Gold has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alamos Gold to earn $0.13 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 15.4%.
Shares of Alamos Gold (NYSE AGI) opened at 7.07 on Friday. Alamos Gold has a 52-week low of $5.95 and a 52-week high of $9.00. The firm has a 50-day moving average price of $7.49 and a 200-day moving average price of $7.29. The stock’s market capitalization is $2.13 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Alamos Gold had a negative net margin of 2.61% and a positive return on equity of 0.44%. The firm had revenue of $131.30 million for the quarter, compared to analyst estimates of $125.71 million. During the same period in the prior year, the business posted ($0.01) EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Alamos Gold will post $0.09 EPS for the current year.
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Several equities analysts have recently commented on AGI shares. Raymond James Financial, Inc. restated an “ourperform” rating and issued a $12.00 price objective on shares of Alamos Gold in a report on Thursday, June 15th. BidaskClub upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Royal Bank Of Canada set a $9.00 target price on shares of Alamos Gold and gave the stock a “hold” rating in a report on Tuesday, June 27th. National Bank Financial reiterated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Finally, Zacks Investment Research upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.67.
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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