Alamos Gold Inc (NYSE:AGI) Announces $0.01 Quarterly Dividend

Alamos Gold Inc (NYSE:AGI) (TSE:AGI) announced a quarterly dividend on Friday, November 22nd, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.01 per share by the basic materials company on Friday, December 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of AGI stock opened at $5.66 on Tuesday. The stock’s fifty day moving average price is $5.33 and its 200 day moving average price is $5.94. Alamos Gold has a 1-year low of $2.90 and a 1-year high of $7.78. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 113.20 and a beta of 0.22.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $172.90 million during the quarter, compared to analysts’ expectations of $184.13 million. Alamos Gold had a positive return on equity of 2.12% and a negative net margin of 2.03%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Sell-side analysts predict that Alamos Gold will post 0.21 EPS for the current year.

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Several research firms have recently issued reports on AGI. Zacks Investment Research downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday, November 1st. ValuEngine cut shares of Alamos Gold from a “sell” rating to a “strong sell” rating in a research note on Sunday, October 27th. Finally, Raymond James reiterated a “hold” rating and issued a $10.50 target price on shares of Alamos Gold in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Alamos Gold presently has a consensus rating of “Hold” and a consensus target price of $7.75.

About Alamos Gold

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.

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Dividend History for Alamos Gold (NYSE:AGI)

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