Alamos Gold (TSE:AGI) PT Lowered to C$26.00 at National Bankshares

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price decreased by National Bankshares from C$26.50 to C$26.00 in a research note released on Friday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on AGI. CIBC increased 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 note on Monday, July 15th. National Bank Financial reaffirmed an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. Canaccord Genuity Group increased their price target on shares of Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. TD Securities upped their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Finally, Scotiabank upgraded shares of Alamos Gold to a strong-buy rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of Buy and an average price target of C$24.90.

Alamos Gold Stock Performance

Shares of AGI opened at C$24.15 on Friday. The firm has a market cap of C$9.61 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. The company’s 50 day simple moving average is C$22.58 and its 200-day simple moving average is C$20.09. The company has a current ratio of 2.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$25.08.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a dividend of $0.034 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 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 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. In other news, 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. Also, Senior Officer Colin Webster sold 37,774 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$21.92, for a total value of C$828,006.08. Insiders have sold 133,052 shares of company stock worth $2,989,101 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

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.