Alamos Gold lifts your dividend

Article Excerpt

ALAMOS GOLD $11.15 (Toronto symbol AGI; TSINetwork Rating: Speculative) (www.alamosgold.com; Shares outstanding: 392.7 million; Market cap: $4.3 billion; Divd. yield: 1.1%) benefited in the quarter ended December 31, 2020, from higher gold prices. Revenue rose 21.8%, to $226.8 million from $186.0 million. (All figures except share price and market cap in U.S. dollars.) Cash flow per share rose 52.4% in the quarter, to $0.32 from $0.21. With cash of $220.5 million and no debt, the company has strong speculative appeal. Its prospects for increased production are also good. Meanwhile, Alamos raised its dividend by 25% with the March 2021 payment. The shares now yield 1.1%. Alamos Gold is a buy. buy…