Alamos Gold (TSE:AGI) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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

AGI has been the topic of several recent research reports. TD Securities upped their price objective on Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Canaccord Genuity Group increased their price target on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. National Bankshares upped 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. BMO Capital Markets increased their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$25.80.

Alamos Gold Trading Down 0.9 %

The business’s 50 day moving average is C$27.07 and its 200 day moving average is C$24.32. The stock has a market cap of C$10.37 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06.

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

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a $0.035 dividend. This is an increase 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 yield of 0.57%. Alamos Gold’s dividend payout ratio is 20.59%.

Insiders Place Their Bets

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 value of C$567,150.78. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total transaction of C$440,220.00. In the last three months, insiders have sold 38,546 shares of company stock valued at $1,052,940. 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.