Alamos Gold (TSE:AGI) Given New C$26.00 Price Target at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective trimmed by National Bankshares from C$26.50 to C$26.00 in a report issued on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the company. Canaccord Genuity Group upped their price objective on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. National Bank Financial reaffirmed an outperform overweight rating on shares of Alamos Gold in a research note on Monday, April 8th. Scotiabank raised Alamos Gold to a strong-buy rating in a research note on Tuesday, July 16th. TD Securities increased their price target on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Finally, Bank of America raised Alamos Gold from a neutral rating to a buy rating and increased their price target for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Alamos Gold currently has a consensus rating of Buy and a consensus price target of C$24.90.

Alamos Gold Stock Performance

Shares of AGI opened at C$24.15 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.79 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of C$22.58 and a two-hundred day simple moving average of C$20.05. The stock has a market cap of C$9.61 billion, a price-to-earnings ratio of 34.01, a PEG ratio of -2.10 and a beta of 1.05. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$25.08.

Alamos Gold Announces Dividend

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

Insider Activity

In other news, Senior Officer Colin Webster sold 37,774 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$21.92, for a total value of C$828,006.08. In other news, Senior Officer Gregory S. Fisher sold 8,144 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of C$21.35, for a total value of C$173,874.40. Also, Senior Officer Colin Webster sold 37,774 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$21.92, for a total value of C$828,006.08. Insiders sold 153,052 shares of company stock valued at $3,409,101 in the last ninety days. Insiders own 0.28% of the company’s stock.

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.