Alamos Gold Inc. (TSE:AGI) Senior Officer Sells C$567,150.78 in Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) 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 value of C$567,150.78.

John Michael Fitzgerald also recently made the following trade(s):

• On Friday, August 16th, John Michael Fitzgerald sold 15,049 shares of Alamos Gold stock. The shares were sold at an average price of C$25.28, for a total value of C$380,426.68.

Alamos Gold Stock Performance

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’s 50 day moving average is C$24.73 and its 200-day moving average is C$22.03. Alamos Gold Inc. has a 52-week low of C$14.80 and a 52-week high of C$28.37. The firm has a market capitalization of C$11.67 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of -2.10 and a beta of 1.10.

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

Alamos Gold Increases Dividend

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

Wall Street Analysts Forecast Growth

AGI has been the topic of several analyst reports. Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. TD Securities raised their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. CIBC lifted their target price on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Canaccord Genuity Group upped their price target on shares of Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$25.80.

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.