Alamos Gold Inc. (TSE:AGI) Receives C$25.80 Average Price Target from Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$25.80.

A number of analysts have commented on the stock. National Bankshares upped their target price on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday. BMO Capital Markets raised their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday. CIBC upped their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Canaccord Genuity Group raised their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Finally, TD Securities lifted their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd.

Insider Transactions at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. 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 shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of Alamos Gold stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total transaction of C$440,220.00. Insiders sold 80,910 shares of company stock valued at $2,060,405 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Alamos Gold Trading Up 0.0 %

Alamos Gold stock opened at C$27.51 on Tuesday. Alamos Gold has a one year low of C$14.80 and a one year high of C$28.66. The business’s fifty day moving average is C$24.92 and its 200 day moving average is C$22.20. The stock has a market capitalization of C$11.55 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, beating 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 company had revenue of C$455.07 million for the quarter. On average, sell-side analysts predict that Alamos Gold will post 1.4766404 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a $0.035 dividend. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s payout ratio is currently 20.59%.

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.