Alamos Gold Inc. (TSE:AGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Three research 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 covered the stock in the last year is C$25.80.

Several research firms have recently weighed in on AGI. 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. TD Securities upped their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. BMO Capital Markets upped their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday. National Bankshares upped their target price on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday. Finally, CIBC upped 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 research report on Monday, July 15th.

Insider Buying and Selling

In other news, Director John Mccluskey sold 4,800 shares of Alamos Gold stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$21.38, for a total transaction of C$102,624.00. In other Alamos Gold news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of Alamos Gold stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. Also, Director John Mccluskey sold 4,800 shares of Alamos Gold stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$21.38, for a total transaction of C$102,624.00. Over the last quarter, insiders have sold 65,254 shares of company stock worth $1,595,878. 0.27% of the stock is owned by insiders.

Alamos Gold Price Performance

Alamos Gold stock opened at C$28.14 on Tuesday. The business’s 50 day simple moving average is C$24.61 and its 200 day simple moving average is C$21.94. 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 has a 12 month low of C$14.80 and a 12 month high of C$28.37. The company has a market cap of C$11.81 billion, a price-to-earnings ratio of 41.38, a PEG ratio of -2.10 and a beta of 1.10.

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, 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 business had revenue of C$455.07 million for the quarter. Sell-side analysts forecast 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. Investors of record on Thursday, September 12th will be given a dividend of $0.035 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.50%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio (DPR) is 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.