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

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment 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 1 year price objective among brokerages that have covered the stock in the last year is C$25.80.

AGI has been the topic of several analyst reports. TD Securities upped their price objective on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Canaccord Genuity Group upped their price target on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. National Bankshares boosted their target price 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. Finally, CIBC raised their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, July 15th.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$28.44 on Tuesday. The company has a market capitalization of C$11.94 billion, a price-to-earnings ratio of 41.82, 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 quick ratio of 1.06 and a current ratio of 3.04. Alamos Gold has a one year low of C$14.80 and a one year high of C$28.91. The company’s 50-day moving average is C$25.13 and its 200 day moving average is C$22.36.

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

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a $0.035 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.49%. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

Insider Transactions at Alamos Gold

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total value of C$286,414.32. In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the transaction, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. Also, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total transaction of C$286,414.32. Insiders have sold 82,500 shares of company stock worth $2,105,975 in the last 90 days. 0.27% of the stock is currently owned by insiders.

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.