Alamos Gold (TSE:AGI) Stock Crosses Above 200-Day Moving Average - Here's Why

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$24.32 and traded as high as C$25.52. Alamos Gold shares last traded at C$24.90, with a volume of 1,544,848 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on AGI shares. TD Securities upped their price target on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. BMO Capital Markets lifted their price target on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. National Bank Financial downgraded shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. National Bankshares lifted their price objective on shares of Alamos Gold from C$28.00 to C$30.00 and gave the company a "hold" rating in a report on Monday, September 16th. Finally, Canaccord Genuity Group lifted their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Three investment 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 stock. According to MarketBeat, Alamos Gold presently has an average rating of "Moderate Buy" and a consensus price target of C$25.80.

Alamos Gold Trading Up 0.1 %

The stock has a market capitalization of C$10.46 billion, a PE ratio of 36.66, a P/E/G ratio of -2.10 and a beta of 1.10. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of C$27.09 and a 200-day moving average price of C$24.32.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.04). The business had revenue of C$492.35 million for the quarter. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. Sell-side analysts expect that Alamos Gold Inc. will post 1.4774775 earnings per share for the current year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a $0.035 dividend. The ex-dividend date was Thursday, September 12th. This is an increase from Alamos Gold's previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.56%. Alamos Gold's payout ratio is 20.59%.

Insider Buying and Selling at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 15,049 shares of the company's stock in a transaction that occurred 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. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of Alamos Gold stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$26.68, for a total transaction of C$440,220.00. In the last 90 days, insiders have sold 53,595 shares of company stock valued at $1,433,367. 0.27% of the stock is currently owned by corporate insiders.

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.