Alamos Gold Inc. (TSE:AGI) Senior Officer Sells C$386,193.50 in Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer Adrian Paulse sold 15,571 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total transaction of C$386,193.50.

Alamos Gold Price Performance

Shares of AGI stock traded up C$0.51 during trading hours on Tuesday, reaching C$25.36. 673,899 shares of the company were exchanged, compared to its average volume of 648,706. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The company has a market cap of C$10.64 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of -2.10 and a beta of 1.09. The stock’s fifty day moving average is C$22.69 and its two-hundred day moving average is C$20.40. Alamos Gold Inc. has a fifty-two week low of C$14.80 and a fifty-two week high of C$25.64.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a dividend of $0.034 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s payout ratio is 20.29%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AGI. CIBC upped their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group upped their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bankshares cut their target price on shares of Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, TD Securities upped their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$24.90.

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.