Alamos Gold Inc. (NYSE:AGI) declared a semiannual dividend on Friday, September 30th. Shareholders of record on Friday, October 14th will be paid a dividend of 0.01 per share on Monday, October 31st. This represents a yield of 0.24%. The ex-dividend date is Wednesday, October 12th.
Shares of Alamos Gold (NYSE:AGI) traded down 1.20% during trading on Friday, reaching $8.20. The company’s stock had a trading volume of 1,684,999 shares. The firm’s 50-day moving average is $8.24 and its 200 day moving average is $7.53. Alamos Gold has a 52-week low of $2.27 and a 52-week high of $10.41. The company’s market cap is $2.19 billion.
Alamos Gold (NYSE:AGI) last announced its earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The company had revenue of $120.10 million for the quarter, compared to analyst estimates of $129.13 million. Alamos Gold had a negative return on equity of 3.73% and a negative net margin of 21.64%. The firm’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. On average, equities research analysts predict that Alamos Gold will post $0.01 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in shares of Alamos Gold by 4.3% in the second quarter. Franklin Resources Inc. now owns 5,610,505 shares of the company’s stock worth $48,241,000 after buying an additional 232,100 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Alamos Gold by 13.3% in the second quarter. Vanguard Group Inc. now owns 4,477,268 shares of the company’s stock worth $38,505,000 after buying an additional 526,068 shares during the last quarter. FMR LLC boosted its position in shares of Alamos Gold by 2.7% in the second quarter. FMR LLC now owns 3,022,487 shares of the company’s stock worth $25,993,000 after buying an additional 80,200 shares during the last quarter. Credit Suisse AG boosted its position in shares of Alamos Gold by 240.7% in the second quarter. Credit Suisse AG now owns 928,988 shares of the company’s stock worth $7,990,000 after buying an additional 656,324 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Alamos Gold by 18.6% in the second quarter. Guggenheim Capital LLC now owns 398,977 shares of the company’s stock worth $3,431,000 after buying an additional 62,659 shares during the last quarter. 60.54% of the stock is currently owned by hedge funds and other institutional investors.
AGI has been the topic of a number of recent research reports. Raymond James Financial Inc. upgraded Alamos Gold from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Credit Suisse Group AG upgraded Alamos Gold from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $7.50 to $11.00 in a research note on Thursday, June 30th. TheStreet upgraded Alamos Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Bank of America Corp. reiterated a “buy” rating on shares of Alamos Gold in a research note on Tuesday, July 12th. Finally, Desjardins lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.03.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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