Alamos Gold Inc. (TSE:AGI) Senior Officer Sells C$45,569.40 in Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction 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 in the company, valued at approximately C$10,718.84.

Alamos Gold Stock Performance

AGI stock traded up C$0.23 during trading on Monday, reaching C$28.44. 980,499 shares of the stock were exchanged, compared to its average volume of 679,883. The stock has a 50 day simple moving average of C$25.03 and a 200-day simple moving average of C$22.32. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The company has a market capitalization of C$11.94 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. Alamos Gold Inc. has a twelve month low of C$14.80 and a twelve month high of C$28.91.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data 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. The business had revenue of C$455.07 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 1.4766404 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.035 dividend. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s dividend payout ratio is currently 20.59%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGI. National Bankshares raised their target price on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, September 16th. Scotiabank raised Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. TD Securities upped their target price on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Canaccord Genuity Group lifted their price target on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Finally, CIBC boosted 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. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold currently has an average rating of “Moderate Buy” and an average target price 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.