Alamos Gold (TSE:AGI) Shares Cross Above 200-Day Moving Average of $22.67

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.67 and traded as high as C$26.97. Alamos Gold shares last traded at C$26.95, with a volume of 894,211 shares trading hands.

Analyst Upgrades and Downgrades

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

Alamos Gold Stock Up 0.9 %

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 firm has a market capitalization of C$11.42 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company's fifty day simple moving average is C$25.42 and its 200 day simple moving average is C$22.67.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.26 by C$0.07. The business had revenue of C$455.07 million during the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. Research 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. Stockholders of record on Thursday, September 12th were given a $0.035 dividend. The ex-dividend date of this dividend 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 0.51%. Alamos Gold's dividend payout ratio is currently 20.59%.

Insider Transactions at Alamos Gold

In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the sale, the insider now directly owns 374 shares of the company's stock, valued at approximately C$10,718.84. In related news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total transaction of C$45,569.40. Following the sale, the insider now directly owns 374 shares of the company's stock, valued at approximately C$10,718.84. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$27.73, for a total transaction of C$567,150.78. Insiders have sold 69,166 shares of company stock valued at $1,819,560 in the last three months. 0.27% of the stock is currently 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.