Alamos Gold Inc. (AGI) To Go Ex-Dividend on June 11th

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) declared a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, June 11th will be given a dividend of 0.04 per share by the basic materials company on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 11th.

Alamos Gold has raised 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. 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 0.9%

NYSE AGI opened at $35.82 on Tuesday. The stock’s 50 day moving average is $42.82 and its 200 day moving average is $42.10. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. Alamos Gold has a 12 month low of $23.92 and a 12 month high of $55.41. The stock has a market cap of $15.04 billion, a PE ratio of 14.27, a P/E/G ratio of 0.46 and a beta of 0.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s revenue was up 79.2% compared to the same quarter last year. Research analysts predict that Alamos Gold will post 2.46 EPS for the current fiscal year.

Institutional Trading of Alamos Gold

A number of large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 222 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Alamos Gold by 2.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 229 shares during the last quarter. Clearstead Advisors LLC increased its stake in Alamos Gold by 62.8% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Sheets Smith Wealth Management increased its position 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 during the last quarter. Finally, Private Advisor Group LLC increased its position 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 during 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.