Alamos Gold (TSE:AGI – Free Report) (NYSE:AGI) had its price target upped by CIBC from C$25.00 to C$38.00 in a report released on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other equities research analysts have also recently commented on the company. Haywood Securities increased their price target on Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Canaccord Genuity Group boosted their price target on shares of Alamos Gold from C$23.00 to C$25.00 in a research report on Tuesday, April 23rd. TD Securities raised their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a buy rating in a research report on Thursday, March 28th. National Bank Financial reiterated an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, Bank of America upgraded shares of Alamos Gold from a neutral rating to a buy rating and raised their price target for the stock from C$21.75 to C$27.75 in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of Moderate Buy and an average price target of C$23.85.
Read Our Latest Stock Analysis on AGI
Alamos Gold Stock Performance
Shares of TSE:AGI opened at C$24.02 on Monday. The business’s 50 day moving average price is C$22.22 and its 200-day moving average price is C$19.52. Alamos Gold has a 1 year low of C$14.80 and a 1 year high of C$24.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.79 and a quick ratio of 1.06. The firm has a market capitalization of C$9.56 billion, a PE ratio of 33.83, a P/E/G ratio of -2.10 and a beta of 1.05.
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last announced its earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.18. The company had revenue of C$374.24 million for the quarter. Alamos Gold had a net margin of 19.41% and a return on equity of 7.12%. As a group, equities research analysts expect that Alamos Gold will post 0.9497925 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.034 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.14 annualized dividend and a yield of 0.57%. Alamos Gold’s dividend payout ratio (DPR) is 19.72%.
Insider Buying and Selling at Alamos Gold
In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total transaction of C$286,414.32. In other Alamos Gold news, Director John Mccluskey sold 4,800 shares of the firm’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of C$21.38, for a total value of C$102,624.00. Also, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’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. Insiders have sold 263,052 shares of company stock valued at $5,701,871 in the last quarter. Corporate insiders own 0.28% of the company’s stock.
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.
Further Reading
Receive News & Ratings for Alamos Gold Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alamos Gold and related companies with MarketBeat.com’s FREE daily email newsletter.