Brokerages Set Alamos Gold Inc. (TSE:AGI) PT at C$25.80

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$25.80.

A number of analysts have recently weighed in on the stock. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. TD Securities boosted their price target on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. BMO Capital Markets raised their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Canaccord Genuity Group boosted their target price on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd.

Alamos Gold Trading Down 1.3 %

Shares of AGI opened at C$24.99 on Wednesday. The firm has a fifty day simple moving average of C$27.11 and a two-hundred day simple moving average of C$24.29. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The stock has a market capitalization of C$10.49 billion, a P/E ratio of 36.75, a PEG ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, November 6th. The company reported C$0.26 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The company had revenue of C$492.35 million during the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. On average, research analysts anticipate that Alamos Gold will post 1.4774775 EPS for the current year.

Alamos Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, September 12th. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.56%. Alamos Gold’s dividend payout ratio (DPR) is 20.59%.

Insider Buying and Selling

In other news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. In other news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of Alamos Gold stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total value of C$440,220.00. In the last ninety days, insiders sold 53,595 shares of company stock worth $1,433,367. 0.27% of the stock is owned by corporate insiders.

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.