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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$25.80.

Several equities research analysts recently commented on AGI shares. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group boosted 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 boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. National Bankshares boosted their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Finally, CIBC boosted their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, July 15th.

Insider Activity

In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$24.80, for a total value of C$386,193.50. In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were 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 C$10,718.84. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Adrian Paulse sold 15,571 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$24.80, for a total transaction of C$386,193.50. In the last quarter, insiders have sold 69,166 shares of company stock valued at $1,819,560. 0.27% of the stock is currently owned by insiders.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$26.96 on Friday. 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$15.27 and a 12 month high of C$28.91. The company has a 50 day simple moving average of C$26.04 and a two-hundred day simple moving average of C$23.24. The stock has a market cap of C$11.32 billion, a price-to-earnings ratio of 39.65, a PEG ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of C$455.07 million during the quarter. As a group, analysts predict that Alamos Gold will post 1.4774775 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.035 per share. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.52%. Alamos Gold’s payout ratio is presently 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.