Alamos Gold Inc. (TSE:AGI) Receives C$24.95 Average PT from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$24.90.

Several brokerages have recently commented on AGI. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and raised their price target for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. 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 Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares cut their target price on Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating for the company in a research note on Friday.

Insider Activity at Alamos Gold

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of Alamos Gold stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total value of C$286,414.32. Also, Senior Officer Colin Webster sold 37,774 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$21.92, for a total value of C$828,006.08. Insiders have sold a total of 153,052 shares of company stock worth $3,409,101 over the last three months. 0.28% of the stock is currently owned by corporate insiders.

Alamos Gold Trading Up 0.3 %

AGI opened at C$24.15 on Monday. The stock’s 50 day moving average price is C$22.55 and its 200-day moving average price is C$20.02. The stock has a market cap of C$9.61 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of -2.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.79. Alamos Gold has a one year low of C$14.80 and a one year high of C$25.08.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.034 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Thursday, June 13th. Alamos Gold’s payout ratio is currently 19.72%.

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.