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

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. 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 on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$25.80.

AGI has been the topic of several research analyst reports. 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. Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. Canaccord Genuity Group increased their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. National Bankshares lifted their price target on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, September 16th. Finally, National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th.

Insider Transactions at Alamos Gold

In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the transaction, the insider now directly owns 374 shares in the company, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their position. In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 in the company, valued at C$10,718.84. The trade was a 0.00 % decrease in their position. Also, Senior Officer Adrian Paulse sold 15,571 shares of the firm’s stock in a transaction 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. Insiders sold a total of 69,166 shares of company stock valued at $1,819,560 over the last ninety days. 0.27% of the stock is currently owned by insiders.

Alamos Gold Stock Performance

The stock has a 50-day moving average price of C$26.11 and a 200 day moving average price of C$23.26. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. Alamos Gold has a 1 year low of C$15.27 and a 1 year high of C$28.91. The firm has a market cap of C$11.53 billion, a P/E ratio of 40.63, a P/E/G ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released 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 business had revenue of C$455.07 million for the quarter. Analysts forecast that Alamos Gold will post 1.4774775 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.035 per share. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, September 12th. Alamos Gold’s payout ratio is currently 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.