Alamos Gold Inc. (AGI) to Issue Quarterly Dividend of $0.04 on June 25th

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced 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) annualized dividend and a yield of 0.4%. The ex-dividend date 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 payout ratio of 10.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 3.4%

Shares of NYSE AGI opened at $40.88 on Friday. Alamos Gold has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a market cap of $17.17 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.51 and a beta of 0.50. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $43.11 and a 200 day moving average price of $41.85.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $612.35 million. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. Research analysts anticipate that Alamos Gold will post 2.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently modified their holdings of AGI. Smartleaf Asset Management LLC boosted its stake in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Alamos Gold by 2.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 229 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Alamos Gold by 1.3% during the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after purchasing an additional 258 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

About Alamos Gold

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.