Alamos Gold (TSE:AGI) Sets New 52-Week High – Still a Buy?

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week high on Friday . The stock traded as high as C$29.13 and last traded at C$29.04, with a volume of 451082 shares trading hands. The stock had previously closed at C$27.73.

Analyst Ratings Changes

Several brokerages have recently weighed in on AGI. Canaccord Genuity Group upped their price target on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. TD Securities increased their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. National Bankshares increased their price objective on Alamos Gold from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Finally, CIBC boosted their target price on 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. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$25.80.

Alamos Gold Trading Up 4.7 %

The stock has a market cap of C$12.18 billion, a P/E ratio of 42.68, a P/E/G ratio of -2.10 and a beta of 1.10. 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 company has a 50-day moving average price of C$26.28 and a two-hundred day moving average price of C$23.40.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, beating 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 company had revenue of C$455.07 million for the quarter. On average, research analysts expect that Alamos Gold Inc. will post 1.4774775 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.035 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.48%. Alamos Gold’s dividend payout ratio is presently 20.59%.

Insider Buying and Selling

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was 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 directly owns 374 shares in the company, valued at C$10,718.84. This represents a 0.00 % decrease in their position. In other Alamos Gold news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now directly owns 374 shares in the company, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total value of C$567,150.78. Insiders sold 69,166 shares of company stock worth $1,819,560 in the last three months. 0.27% of the stock is owned by 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.