Alamos Gold Inc. (TSE:AGI) Senior Officer Sells C$567,150.78 in Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction that occurred 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.

John Michael Fitzgerald also recently made the following trade(s):

• On Friday, August 16th, John Michael Fitzgerald sold 15,049 shares of Alamos Gold stock. The shares were sold at an average price of C$25.28, for a total value of C$380,426.68.

Alamos Gold Trading Down 1.1 %

Shares of AGI stock opened at C$27.50 on Thursday. The stock’s fifty day moving average price is C$24.83 and its two-hundred day moving average price is C$22.11. The company has a market cap of C$11.54 billion, a PE ratio of 40.44, a P/E/G ratio of -2.10 and a beta of 1.10. Alamos Gold Inc. has a fifty-two week low of C$14.80 and a fifty-two week high of C$28.66. 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 issued its earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.07. The firm had revenue of C$455.07 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. Equities analysts predict that Alamos Gold Inc. will post 1.4766404 EPS for the current fiscal 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. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, September 12th. Alamos Gold’s dividend payout ratio is presently 20.59%.

Analysts Set New Price Targets

Several research firms have recently commented on AGI. CIBC upped their target price on 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. 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 Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. BMO Capital Markets increased their price target on Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Scotiabank raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$25.80.

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.