Alamos Gold (TSE:AGI) Reaches New 52-Week High - Time to Buy?

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$29.13 and last traded at C$29.04, with a volume of 451082 shares changing hands. The stock had previously closed at C$27.73.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGI. TD Securities raised their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. National Bankshares raised their price target on Alamos Gold from C$28.00 to C$30.00 and gave the company a "hold" rating in a report on Monday, September 16th. National Bank Financial lowered Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. CIBC increased their target price on Alamos Gold from C$25.00 to C$38.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Finally, Scotiabank raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 16th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Alamos Gold has an average rating of "Moderate Buy" and an average target price of C$25.80.

Alamos Gold Stock Performance

The stock has a market capitalization of C$12.18 billion, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The stock has a 50-day moving average of C$26.18 and a 200 day moving average of C$23.29.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.26 by C$0.07. The company had revenue of C$455.07 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. On average, analysts expect that Alamos Gold Inc. will post 1.4774775 EPS for the current year.

Alamos Gold Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's payout ratio is currently 20.59%.

Insider Activity

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold 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 completion of the sale, the insider now directly owns 374 shares of the company's stock, valued at C$10,718.84. The trade was a 0.00 % decrease in their ownership of the stock. In other Alamos Gold news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company's stock in a transaction that occurred 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. Also, Senior Officer Nicole Marie Lichowit sold 1,590 shares of Alamos Gold 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 transaction, the insider now directly owns 374 shares in the company, valued at approximately C$10,718.84. This represents a 0.00 % decrease in their ownership of the stock. Insiders have sold a total of 69,166 shares of company stock valued at $1,819,560 in the last 90 days. 0.27% of the stock is owned by company insiders.

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.