Alamos Gold Inc (AGI) to Issue Quarterly Dividend of $0.01 on September 30th
Alamos Gold Inc (TSE:AGI) (NYSE:AGI) announced a quarterly dividend on Thursday, August 29th, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.013 per share on Monday, September 30th. This represents a $0.05 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, September 13th.
Shares of Alamos Gold stock traded up C$0.04 on Wednesday, hitting C$8.54. 497,344 shares of the company traded hands, compared to its average volume of 916,287. Alamos Gold has a 12-month low of C$3.88 and a 12-month high of C$10.12. The firm’s 50-day simple moving average is C$9.28 and its 200 day simple moving average is C$7.49. The company has a market cap of $3.31 billion and a P/E ratio of -123.77. The company has a current ratio of 2.91, a quick ratio of 1.82 and a debt-to-equity ratio of 0.08.
Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, July 31st. The company reported C$0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.05 by C$0.02. The firm had revenue of C$224.86 million during the quarter. Analysts predict that Alamos Gold will post 0.25 earnings per share for the current year.
A number of research analysts recently issued reports on the company. National Bank Financial boosted their price target on shares of Alamos Gold from C$9.75 to C$11.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. CIBC raised their target price on Alamos Gold from C$9.00 to C$10.50 in a research note on Monday, July 15th. Raymond James restated a “market perform” rating and set a C$10.00 price target on shares of Alamos Gold in a research report on Thursday, August 1st. Bank of America upped their price target on Alamos Gold from C$9.80 to C$10.55 in a research note on Friday, August 16th. Finally, BMO Capital Markets increased their price objective on Alamos Gold from C$12.00 to C$18.50 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$11.13.
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.
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.