Alamos Gold Inc. (TSE:AGI) Receives C$22.10 Consensus Target Price from Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$22.10.

AGI has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Haywood Securities lifted their target price on Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. TD Securities raised their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Desjardins cut their target price on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating on the stock in a research note on Friday, January 12th.

Insider Transactions at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. Corporate insiders own 0.29% of the company’s stock.

Alamos Gold Price Performance

Shares of AGI opened at C$20.23 on Friday. The firm has a 50-day simple moving average of C$18.34 and a two-hundred day simple moving average of C$17.85. The stock has a market cap of C$8.03 billion, a PE ratio of 28.10, a P/E/G ratio of -2.10 and a beta of 0.97. Alamos Gold has a 1-year low of C$14.80 and a 1-year high of C$22.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.16. The firm had revenue of C$346.65 million during the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. As a group, analysts forecast that Alamos Gold will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.034 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is presently 19.44%.

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.