Alamos Gold (TSE:AGI) Given New C$27.00 Price Target at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective lowered by National Bankshares from C$27.50 to C$27.00 in a report released on Friday morning, BayStreet.CA reports.

A number of other analysts also recently commented on the stock. Jefferies Financial Group set a C$14.00 target price on shares of Alamos Gold and gave the stock a buy rating in a report on Thursday, February 29th. Bank of America upgraded Alamos Gold from a neutral rating to a buy rating and raised their price objective for the stock from C$21.75 to C$27.75 in a research report on Tuesday, April 9th. Desjardins cut their price target on shares of Alamos Gold from C$19.50 to C$18.75 and set a hold rating for the company in a research note on Friday, January 12th. 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 report on Thursday, March 28th. Finally, Haywood Securities upped their price target on shares of Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Alamos Gold has an average rating of Moderate Buy and a consensus price target of C$22.10.

Alamos Gold Stock Performance

AGI opened at C$20.23 on Friday. The business has a 50 day moving average price of C$18.34 and a two-hundred day moving average price of C$17.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06. The company has a market capitalization of C$8.03 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth 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.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, meeting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The business had revenue of C$346.65 million during the quarter. Research analysts predict that Alamos Gold will post 0.7762158 EPS for the current fiscal year.

Alamos Gold Cuts Dividend

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

Insider Transactions at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the company’s stock in a transaction dated 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.

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.