Alamos Gold Inc. (TSE:AGI) Director Sells C$420,000.00 in Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Director John Mccluskey sold 20,000 shares of Alamos Gold stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$21.00, for a total transaction of C$420,000.00.

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

• 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 transaction of C$2,082,000.00.

Alamos Gold Stock Down 0.2 %

Shares of AGI stock traded down C$0.04 during trading on Friday, reaching C$21.41. The company’s stock had a trading volume of 290,433 shares, compared to its average volume of 639,197. 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$8.50 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of -2.10 and a beta of 0.97. The stock’s 50-day moving average price is C$19.65 and its 200 day moving average price is C$18.21. Alamos Gold Inc. 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 posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, hitting the consensus estimate of C$0.18. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The company had revenue of C$374.24 million during the quarter. On average, research analysts anticipate that Alamos Gold Inc. will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.034 per share. This represents a $0.14 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.44%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGI. TD Securities lifted their target price on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Jefferies Financial Group set a C$14.00 price target on shares of Alamos Gold and gave the company a “buy” rating in a research note on Thursday, February 29th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their price target for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Finally, National Bankshares reduced their price target on shares of Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$22.55.

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.