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

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

Several equities analysts have issued reports on AGI shares. National Bankshares upped their price target on Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. CIBC upped their target price on Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Canaccord Genuity Group boosted their price target on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Finally, TD Securities increased their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the transaction, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their position. In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of Alamos Gold stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$24.80, for a total value of C$386,193.50. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the transaction, the insider now owns 374 shares of the company’s stock, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their position. In the last ninety days, insiders sold 69,166 shares of company stock worth $1,819,560. Company insiders own 0.27% of the company’s stock.

Alamos Gold Trading Down 1.5 %

Shares of TSE AGI opened at C$26.96 on Wednesday. Alamos Gold has a 1-year low of C$15.27 and a 1-year high of C$29.66. The business has a fifty day moving average price of C$27.17 and a 200 day moving average price of C$24.18. The stock has a market capitalization of C$11.32 billion, a P/E ratio of 39.65, 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 released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.04). Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$492.35 million for the quarter. Equities research analysts expect that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, September 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is currently 20.59%.

About Alamos Gold

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.