Alamos Gold Inc. (TSE:AGI) Senior Officer John Michael Fitzgerald Sells 20,456 Shares of Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total value of C$567,150.78.

John Michael Fitzgerald also recently made the following trade(s):

• On Friday, August 16th, John Michael Fitzgerald sold 15,049 shares of Alamos Gold stock. The shares were sold at an average price of C$25.28, for a total transaction of C$380,426.68.

Alamos Gold Stock Performance

The company’s 50-day moving average price is C$24.73 and its two-hundred day moving average price is C$22.03. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold Inc. has a 12-month low of C$14.80 and a 12-month high of C$28.37. The firm has a market capitalization of C$11.67 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. The company had revenue of C$455.07 million during the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 1.4766404 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a yield of ∞. Alamos Gold’s payout ratio is 20.59%.

Analysts Set New Price Targets

AGI has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Scotiabank raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 16th. CIBC lifted their price target on Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a report on Monday, July 15th. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, TD Securities lifted their target price on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$25.80.

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.