Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced a Semi-Annual dividend on Friday, September 29th, Zacks reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.01 per share by the basic materials company on Tuesday, October 31st. This represents a dividend yield of 0.3%. The ex-dividend date is Friday, October 13th.

Alamos Gold has decreased its dividend payment by an average of 53.6% per year over the last three years. Alamos Gold has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research 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. The company’s market cap is $2.13 billion. The stock’s 50 day moving average price is $7.49 and its 200-day moving average price is $7.29. Alamos Gold has a one year low of $5.95 and a one year high of $9.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $131.30 million during the quarter, compared to analyst estimates of $125.71 million. During the same quarter last year, the business posted ($0.01) EPS. Alamos Gold’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that Alamos Gold will post $0.09 EPS for the current year.

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Several research analysts recently commented on the stock. BidaskClub raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Royal Bank Of Canada set a $9.00 price objective on shares of Alamos Gold and gave the stock a “hold” rating in a report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. reaffirmed an “ourperform” rating and issued a $12.00 price objective on shares of Alamos Gold in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target 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.

Dividend History for Alamos Gold (NYSE:AGI)

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