Alamos Gold Inc. (TSE:AGI) Receives C$25.80 Consensus Price Target from Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research 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 12 month target price among analysts that have covered the stock in the last year is C$25.80.

AGI has been the subject of several research reports. CIBC raised their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. 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. Scotiabank raised Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group raised their price objective on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares lifted their target price on Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday, September 16th.

Insider Buying and Selling

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. Also, Senior Officer Adrian Paulse sold 15,571 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total value of C$386,193.50. In the last ninety days, insiders sold 80,910 shares of company stock valued at $2,060,405. Corporate insiders own 0.27% of the company’s stock.

Alamos Gold Stock Performance

Shares of TSE AGI opened at C$28.21 on Tuesday. Alamos Gold has a 1 year low of C$14.80 and a 1 year high of C$28.66. The firm has a market cap of C$11.84 billion, a P/E ratio of 41.49, a PEG ratio of -2.10 and a beta of 1.10. The stock has a fifty day moving average price of C$25.03 and a two-hundred day moving average price of C$22.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.26 by C$0.07. The business 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%. Research analysts forecast that Alamos Gold will post 1.4766404 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.035 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.50%. Alamos Gold’s payout ratio is currently 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.