Alamos Gold Inc. (NYSE:AGI) to Issue Quarterly Dividend of $0.04

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, June 11th will be paid a dividend of 0.04 per share by the basic materials company on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th.

Alamos Gold has raised its dividend by an average of 0.1%annually over the last three years. Alamos Gold has a dividend payout ratio of 10.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Alamos Gold to earn $3.12 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.1%.

Alamos Gold Price Performance

Shares of NYSE AGI traded up $1.13 during mid-day trading on Thursday, reaching $39.61. The company had a trading volume of 3,233,746 shares, compared to its average volume of 2,955,176. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. Alamos Gold has a one year low of $23.92 and a one year high of $55.41. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.50 and a beta of 0.50. The business’s 50-day simple moving average is $43.13 and its 200 day simple moving average is $41.86.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 79.2% on a year-over-year basis. On average, research analysts predict that Alamos Gold will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.