Alamos Gold Inc. (TSE:AGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$25.80.

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of Alamos Gold from C$27.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. CIBC upped their target price on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. National Bank Financial downgraded 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 research note on Tuesday, July 16th. 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.

Insider Activity at Alamos Gold

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total value of C$286,414.32. In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the completion of the sale, the insider now owns 374 shares in the company, valued at approximately C$10,718.84. Insiders sold 82,500 shares of company stock worth $2,105,975 in the last three months. 0.27% of the stock is owned by insiders.

Alamos Gold Stock Up 0.8 %

Shares of TSE:AGI opened at C$28.44 on Tuesday. The firm has a fifty day moving average price of C$25.13 and a two-hundred day moving average price of C$22.36. The company has a market cap of C$11.94 billion, a price-to-earnings ratio of 41.82, a PEG ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. Alamos Gold has a one year low of C$14.80 and a one year high of C$28.91.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.26 by C$0.07. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The business had revenue of C$455.07 million during the quarter. Analysts anticipate that Alamos Gold will post 1.4766404 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a $0.035 dividend. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, September 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.49%. Alamos Gold’s dividend payout ratio (DPR) is currently 20.59%.

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.