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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$25.80.

A number of research firms have issued reports on AGI. BMO Capital Markets increased their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. TD Securities upped their target price on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. National Bankshares lifted their price target on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Canaccord Genuity Group increased their price objective on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd.

Insider Buying and Selling

In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the business’s stock in a transaction on 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 Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of Alamos Gold stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Also, Senior Officer Adrian Paulse sold 15,571 shares of the 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 value of C$386,193.50. In the last three months, insiders sold 69,166 shares of company stock valued at $1,819,560. Company insiders own 0.27% of the company’s stock.

Alamos Gold Price Performance

AGI opened at C$29.02 on Friday. Alamos Gold has a 12-month low of C$15.27 and a 12-month high of C$29.16. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of C$12.18 billion, a P/E ratio of 42.68, a PEG ratio of -2.10 and a beta of 1.10. The stock has a fifty day moving average of C$26.28 and a 200-day moving average of C$23.37.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. The firm 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%. Equities analysts forecast that Alamos Gold will post 1.4774775 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.48%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 12th. Alamos Gold’s payout ratio is presently 20.59%.

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.