Alamos Gold Inc. (AGI) To Go Ex-Dividend on March 12th

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.04 per share by the basic materials company on Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, March 12th. This is a 60.0% increase from Alamos Gold’s previous quarterly dividend of $0.03.

Alamos Gold has increased its dividend payment by an average of 0.2%per year over the last three years. Alamos Gold has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alamos Gold to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.6%.

Alamos Gold Price Performance

NYSE AGI opened at $45.86 on Friday. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.41 and a beta of 0.61. Alamos Gold has a 1-year low of $22.03 and a 1-year high of $46.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The business’s fifty day moving average price is $40.90 and its 200-day moving average price is $35.20.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. Alamos Gold had a return on equity of 15.46% and a net margin of 48.97%.The company had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Alamos Gold’s revenue was up 53.1% compared to the same quarter last year. On average, equities analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

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.