Alamos Gold Inc. (TSE:AGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, 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 ratings on the stock in the last year is C$25.80.

Several research analysts have issued reports on the company. CIBC upped their price objective on Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. BMO Capital Markets lifted their price objective on 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 Bankshares upped their target price on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, September 16th. Finally, Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th.

Alamos Gold Stock Performance

Alamos Gold stock opened at C$26.96 on Wednesday. The stock has a 50-day simple moving average of C$27.17 and a 200 day simple moving average of C$24.23. The stock has a market capitalization of C$11.32 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of -2.10 and a beta of 1.10. 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 12-month low of C$15.27 and a 12-month high of C$29.66.

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

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.035 per share. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, September 12th. This represents a $0.14 annualized dividend and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

Insider Activity at Alamos Gold

In other Alamos Gold news, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$26.68, for a total value of C$440,220.00. In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction dated 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 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 Nils Frederik Jonas Engelstad sold 16,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$26.68, for a total value of C$440,220.00. Over the last 90 days, insiders sold 53,595 shares of company stock worth $1,433,367. 0.27% of the stock is currently owned by company insiders.

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.