Alamos Gold Inc. (NYSE:AGI) declared a semiannual dividend on Friday, September 30th. Investors of record on Friday, October 14th will be paid a dividend of 0.01 per share on Monday, October 31st. This represents a dividend yield of 0.24%. The ex-dividend date of this dividend is Wednesday, October 12th.
Alamos Gold (NYSE:AGI) opened at 8.20 on Monday. The company’s market cap is $2.19 billion. Alamos Gold has a 12 month low of $2.27 and a 12 month high of $10.41. The company’s 50 day moving average is $8.22 and its 200-day moving average is $7.55.
Alamos Gold (NYSE:AGI) last released its earnings results on Wednesday, August 10th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. Alamos Gold’s revenue for the quarter was up 68.7% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. On average, analysts expect that Alamos Gold will post $0.01 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Credit Suisse AG boosted its stake in shares of Alamos Gold by 240.7% in the second quarter. Credit Suisse AG now owns 928,988 shares of the company’s stock valued at $7,990,000 after buying an additional 656,324 shares during the period. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 13.3% in the second quarter. Vanguard Group Inc. now owns 4,477,268 shares of the company’s stock valued at $38,505,000 after buying an additional 526,068 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Alamos Gold by 29,840.1% in the second quarter. 1832 Asset Management L.P. now owns 250,000 shares of the company’s stock valued at $3,163,000 after buying an additional 249,165 shares during the period. Franklin Resources Inc. boosted its stake in shares of Alamos Gold by 4.3% in the second quarter. Franklin Resources Inc. now owns 5,610,505 shares of the company’s stock valued at $48,241,000 after buying an additional 232,100 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Alamos Gold by 164.0% in the second quarter. Jane Street Group LLC now owns 139,149 shares of the company’s stock valued at $1,197,000 after buying an additional 86,432 shares during the period. 60.54% of the stock is currently owned by institutional investors.
A number of equities analysts have issued reports on the stock. Canaccord Genuity reissued a “hold” rating and set a $12.50 price target (down from $14.00) on shares of Alamos Gold in a research report on Saturday, August 13th. Raymond James Financial Inc. raised shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Desjardins lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Bank of America Corp. reaffirmed a “buy” rating on shares of Alamos Gold in a report on Tuesday, July 12th. Finally, National Bank Financial lowered shares of Alamos Gold from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $12.00 to $13.00 in a report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.03.
About Alamos Gold
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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