Insider Selling: Alamos Gold Inc. (TSE:AGI) Director Sells 30,000 Shares of Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Director John Mccluskey sold 30,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$23.20, for a total value of C$696,000.00.

John Mccluskey also recently made the following trade(s):

• On Tuesday, May 7th, John Mccluskey sold 20,000 shares of Alamos Gold stock. The stock was sold at an average price of C$21.00, for a total value of C$420,000.00.
• On Monday, April 29th, John Mccluskey sold 100,000 shares of Alamos Gold stock. The stock was sold at an average price of C$20.82, for a total value of C$2,082,000.00.

Alamos Gold Trading Down 4.0 %

TSE:AGI opened at C$22.62 on Thursday. The company has a current ratio of 2.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of C$9.00 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. The firm’s 50 day moving average is C$20.44 and its 200 day moving average is C$18.52. Alamos Gold Inc. has a 12 month low of C$14.80 and a 12 month high of C$23.60.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.18. Alamos Gold had a net margin of 19.41% and a return on equity of 7.12%. The business had revenue of C$374.24 million during the quarter. Sell-side analysts expect that Alamos Gold Inc. will post 0.8568 earnings per share for the current year.

Alamos Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.034 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 0.60%. Alamos Gold’s dividend payout ratio is 19.72%.

Analysts Set New Price Targets

AGI has been the topic of several recent research reports. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. Haywood Securities lifted their price target on Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. National Bankshares reduced their price objective on Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, BMO Capital Markets lifted their price target on shares of Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$22.55.

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.