Alamos Gold Inc. (AGI) To Go Ex-Dividend on September 10th

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.04 per share by the basic materials company on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th.

Alamos Gold has raised its dividend payment 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 $2.67 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 6.0%.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $36.78 on Friday. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.51 and a beta of 0.56. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $31.62 and its 200-day simple moving average is $39.38. Alamos Gold has a 52 week low of $27.05 and a 52 week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The firm’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. As a group, analysts expect that Alamos Gold will post 2.12 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.