Alamos Gold (TSE:AGI) Sets New 52-Week High at $28.66

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) shares hit a new 52-week high on Thursday . The stock traded as high as C$28.66 and last traded at C$27.50, with a volume of 1212195 shares trading hands. The stock had previously closed at C$27.80.

Analyst Ratings Changes

Several research firms have recently issued reports on AGI. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Canaccord Genuity Group raised their price target on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. TD Securities upped their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. National Bankshares raised their target price on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday. Finally, BMO Capital Markets boosted their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a report on Monday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.80.

Alamos Gold Stock Down 1.1 %

The firm’s 50-day moving average price is C$24.83 and its 200-day moving average price is C$22.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The company has a market cap of C$11.54 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$455.07 million during the quarter. Sell-side analysts forecast that Alamos Gold Inc. will post 1.4766404 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.035 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.51%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio (DPR) is 20.59%.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total value of C$567,150.78. Also, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. In the last ninety days, insiders have sold 80,910 shares of company stock valued at $2,060,405. Corporate insiders own 0.27% of the company’s stock.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.