Alamos Gold Inc. (TSE:AGI) Receives C$24.95 Consensus Target Price from Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$24.90.

A number of research analysts have issued reports on AGI shares. CIBC lifted their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Scotiabank raised Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group upped their target price on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Finally, Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th.

Alamos Gold Stock Up 0.3 %

Shares of TSE AGI opened at C$24.15 on Monday. The stock has a market capitalization of C$9.61 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$25.08. The firm has a 50-day moving average price of C$22.55 and a 200 day moving average price of C$20.02. The company has a quick ratio of 1.06, a current ratio of 2.79 and a debt-to-equity ratio of 0.04.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were paid a dividend of $0.034 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, June 13th. Alamos Gold’s payout ratio is 19.72%.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the stock in a transaction 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. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Director John Mccluskey sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of C$21.00, for a total transaction of C$420,000.00. In the last three months, insiders sold 153,052 shares of company stock valued at $3,409,101. Company 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.