Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$25.80

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI have been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$25.80.

A number of research analysts have commented on the stock. CIBC lifted their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. National Bankshares lifted their target price on Alamos Gold from C$28.00 to C$30.00 and gave the company a "hold" rating in a research note on Monday, September 16th. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. TD Securities lifted their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Finally, Canaccord Genuity Group lifted their price objective on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd.

Alamos Gold Stock Down 2.8 %

AGI stock traded down C$0.79 during midday trading on Wednesday, reaching C$27.12. 804,995 shares of the company were exchanged, compared to its average volume of 700,574. The stock's 50-day simple moving average is C$27.15 and its 200 day simple moving average is C$24.09. Alamos Gold has a 1-year low of C$15.27 and a 1-year high of C$29.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The company has a market cap of C$11.38 billion, a price-to-earnings ratio of 40.00, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10.

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 0.52%. The ex-dividend date was Thursday, September 12th. This is an increase from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's dividend payout ratio (DPR) is 20.59%.

Insider Buying and Selling

In other news, Senior Officer John Michael Fitzgerald sold 15,049 shares of Alamos Gold stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$25.28, for a total transaction of C$380,426.68. In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the sale, the insider now owns 374 shares of the company's stock, valued at approximately C$10,718.84. This trade represents a 0.00 % decrease in their position. Also, Senior Officer John Michael Fitzgerald sold 15,049 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$25.28, for a total transaction of C$380,426.68. In the last 90 days, insiders sold 69,166 shares of company stock valued at $1,819,560. Insiders own 0.27% 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.