Alamos Gold (TSE:AGI) PT Raised to C$30.00 at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target boosted by National Bankshares from C$28.00 to C$30.00 in a research report released on Monday, BayStreet.CA reports. National Bankshares currently has a hold rating on the stock.

Several other research firms have also recently issued reports on AGI. BMO Capital Markets increased their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an outperform rating in a report on Monday. National Bank Financial cut Alamos Gold from a strong-buy rating to a hold rating in a research report on Sunday, September 8th. Scotiabank raised Alamos Gold to a strong-buy rating in a report on Tuesday, July 16th. Canaccord Genuity Group lifted their price target on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Finally, TD Securities increased their price objective on Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of C$25.80.

Alamos Gold Trading Up 0.0 %

TSE:AGI opened at C$27.51 on Monday. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$28.66. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is C$24.92 and its 200-day simple moving average is C$22.20. The firm has a market cap of C$11.55 billion, a P/E ratio of 40.46, a PEG ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data 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 net margin of 17.72% and a return on equity of 6.72%. Equities analysts anticipate that Alamos Gold will post 1.4766404 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.51%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 12th. Alamos Gold’s payout ratio is presently 20.59%.

Insider Activity

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the 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 Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total value of C$286,414.32. Insiders sold a total of 80,910 shares of company stock worth $2,060,405 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Alamos Gold Company Profile

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.