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

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

AGI has been the subject of a number of recent analyst reports. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. BMO Capital Markets lifted their price target on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities upped their price target on Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. National Bankshares raised their price objective on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday. Finally, National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th.

Insider Activity at Alamos Gold

In other news, Senior Officer Adrian Paulse sold 15,571 shares of the firm’s stock in a transaction dated 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 related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of Alamos Gold stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Senior Officer Adrian Paulse sold 15,571 shares of the business’s 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. 0.27% of the stock is owned by insiders.

Alamos Gold Trading Up 0.0 %

Shares of TSE:AGI opened at C$27.51 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$28.66. The business has a 50 day moving average of C$24.92 and a two-hundred day moving average of C$22.20. The company has a market capitalization of C$11.55 billion, a PE ratio of 40.46, a PEG ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results 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. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The firm had revenue of C$455.07 million during the quarter. As a group, analysts forecast that Alamos Gold will post 1.4766404 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, September 12th. 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 dividend yield of 0.51%. 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.