Alamos Gold (TSE:AGI) PT Raised to C$29.00 at Canaccord Genuity Group

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by Canaccord Genuity Group from C$25.00 to C$29.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other equities analysts have also weighed in on AGI. TD Securities raised their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday. CIBC increased their price target on Alamos Gold from C$25.00 to C$38.00 and gave the company an outperform rating in a report on Monday, July 15th. Bank of America upgraded Alamos Gold from a neutral rating to a buy rating and increased their price target for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. BMO Capital Markets increased their price target on Alamos Gold from C$23.00 to C$26.00 and gave the company an outperform rating in a report on Thursday, March 28th. Finally, National Bank Financial reiterated an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of C$24.95.

Alamos Gold Price Performance

TSE AGI opened at C$22.61 on Tuesday. The company has a 50 day simple moving average of C$22.50 and a 200-day simple moving average of C$19.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.79 and a quick ratio of 1.06. The firm has a market capitalization of C$9.00 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. Alamos Gold has a 52-week low of C$14.80 and a 52-week high of C$24.50.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, meeting the consensus estimate of C$0.18. The firm had revenue of C$374.24 million for the quarter. Alamos Gold had a net margin of 19.41% and a return on equity of 7.12%. Equities research analysts predict that Alamos Gold will post 0.9497925 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a $0.034 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.60%. Alamos Gold’s payout ratio is 19.72%.

Insider Transactions at Alamos Gold

In other news, Director John Mccluskey sold 4,800 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$21.38, for a total value of C$102,624.00. In other Alamos Gold news, Director John Mccluskey sold 4,800 shares of Alamos Gold stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of C$21.38, for a total transaction of C$102,624.00. Also, Senior Officer Colin Webster sold 37,774 shares of Alamos Gold stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$21.92, for a total transaction of C$828,006.08. Over the last quarter, insiders have sold 263,052 shares of company stock worth $5,701,871. Insiders own 0.28% of the company’s stock.

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.