Alamos Gold Inc (AGI) Announces Semiannual Dividend of $0.10
Alamos Gold (NYSE:AGI) declared a semiannual dividend on Tuesday, October 1st, American Banking and Market News reports. Investors of record on Tuesday, October 15th will be given a dividend of $0.10 per share on Thursday, October 31st. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 10th.
Several analysts have recently commented on the stock. Analysts at Jacob Securities initiated coverage on shares of Alamos Gold (NYSE:AGI) in a research note to investors on Wednesday, September 25th. They set a “buy” rating on the stock. On the ratings front, analysts at Bank of America Corp. initiated coverage on shares of Alamos Gold (NYSE:AGI) in a research note to investors on Tuesday, August 27th. They set a “buy” rating and a $20.00 price target on the stock. Finally, analysts at Macquarie downgraded shares of Alamos Gold (NYSE:AGI) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Alamos Gold currently has a consensus rating of “Buy” and an average target price of $17.43.
Shares of Alamos Gold (NYSE:AGI) traded down 1.03% during mid-day trading on Tuesday, hitting $15.37. 268,400 shares of the company’s stock traded hands. Alamos Gold has a 52-week low of $10.10 and a 52-week high of $20.26. The stock’s 50-day moving average is $16.06 and its 200-day moving average is $14.03. The company has a market cap of $1.957 billion and a P/E ratio of 19.56.
Alamos Gold (NYSE:AGI) last released its earnings data on Thursday, July 25th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.08. On average, analysts predict that Alamos Gold will post $0.60 earnings per share for the current fiscal year.
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