Alamos Gold (TSE:AGI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$24.32 and traded as high as C$25.52. Alamos Gold shares last traded at C$24.90, with a volume of 1,544,848 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AGI shares. 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. Canaccord Genuity Group boosted their price objective on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. 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 research report on Monday, September 16th. TD Securities lifted their target price on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Finally, National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Three research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$25.80.

Alamos Gold Stock Down 0.4 %

The firm has a market capitalization of C$10.45 billion, a P/E ratio of 36.62, a PEG ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The stock has a 50 day moving average of C$27.09 and a 200-day moving average of C$24.32.

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

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.035 dividend. 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 payout ratio is 20.59%.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the transaction, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. The trade was a 0.00 % decrease in their position. In related news, Senior Officer John Michael Fitzgerald sold 20,456 shares of Alamos Gold 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 Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now owns 374 shares of the company’s stock, valued at approximately C$10,718.84. The trade was a 0.00 % decrease in their ownership of the stock. In the last quarter, insiders have sold 53,595 shares of company stock valued at $1,433,367. Corporate insiders own 0.27% of the company’s stock.

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.