Alamos Gold (TSE:AGI) Stock Passes Above 200-Day Moving Average of $22.67

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.67 and traded as high as C$26.97. Alamos Gold shares last traded at C$26.95, with a volume of 894,211 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGI. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Scotiabank raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. BMO Capital Markets upped their price objective on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. TD Securities raised their price objective on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Finally, CIBC boosted their target price on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$25.80.

Alamos Gold Trading Down 0.1 %

The firm has a market cap of C$11.31 billion, a P/E ratio of 39.63, a P/E/G ratio of -2.10 and a beta of 1.10. The stock has a 50 day simple moving average of C$25.42 and a 200-day simple moving average of C$22.67. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04.

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 the consensus estimate 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, equities research analysts expect that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.52%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$24.80, for a total transaction of C$386,193.50. In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. In the last 90 days, insiders sold 69,166 shares of company stock worth $1,819,560. 0.27% of the stock is currently owned by company insiders.

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.