Alamos Gold Inc. (NYSE:AGI) Plans $0.04 Quarterly Dividend

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

Alamos Gold has increased its dividend payment 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 $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 Stock Performance

Shares of NYSE AGI opened at $37.98 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12 month low of $27.05 and a 12 month high of $55.41. The company has a 50 day simple moving average of $31.61 and a two-hundred day simple moving average of $39.40. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.50 and a beta of 0.56.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The firm had revenue of $594.10 million for the quarter, compared to analyst estimates of $593.58 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. As a group, analysts predict that Alamos Gold will post 2.12 earnings per share for the current year.

Institutional Investors Weigh In On Alamos Gold

Hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in shares of Alamos Gold in the 4th quarter valued at about $25,000. Clearstead Advisors LLC boosted its position in Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares in the last quarter. Parallel Advisors LLC acquired a new stake in Alamos Gold in the first quarter valued at approximately $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in Alamos Gold in the first quarter valued at approximately $59,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

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.