Alamos Gold Inc. (TSE:AGI – Get Free Report) (NYSE:AGI)’s share price passed 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 traded.
Analysts Set New Price Targets
Several research analysts recently commented on AGI shares. Canaccord Genuity Group boosted their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. TD Securities upped their price target on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. National Bankshares raised their price objective 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. BMO Capital Markets boosted their target price on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. Three investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$25.80.
Check Out Our Latest Stock Report on Alamos Gold
Alamos Gold Stock Down 0.1 %
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last announced its quarterly 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. The company had revenue of C$455.07 million during the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.
Alamos Gold Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a yield of 0.52%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is currently 20.59%.
Insider Activity
In other news, Senior Officer Adrian Paulse sold 15,571 shares of the company’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 value of C$386,193.50. In other news, Senior Officer Adrian Paulse sold 15,571 shares of the firm’s stock in a transaction that occurred 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. Also, Senior Officer John Michael Fitzgerald sold 15,049 shares of Alamos Gold stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$25.28, for a total value of C$380,426.68. Insiders have sold a total of 69,166 shares of company stock worth $1,819,560 over the last 90 days. 0.27% of the stock is currently owned by company 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.
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