Alamos Gold (TSE:AGI) Price Target Raised to C$9.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target boosted by National Bank Financial from C$8.50 to C$9.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, TD Securities cut their target price on Alamos Gold from C$13.00 to C$12.00 and set a buy rating for the company in a research note on Friday, December 13th.

Shares of AGI stock traded down C$0.08 during trading on Wednesday, hitting C$8.23. The company had a trading volume of 2,431,808 shares, compared to its average volume of 1,285,969. The company has a quick ratio of 1.95, a current ratio of 3.10 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is C$7.93 and its two-hundred day moving average is C$7.65. The stock has a market capitalization of $3.09 billion and a price-to-earnings ratio of 34.29. Alamos Gold has a 52 week low of C$4.43 and a 52 week high of C$10.12.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, February 19th. The company reported C$0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.09 by C$0.02. The company had revenue of C$245.50 million during the quarter. On average, research analysts predict that Alamos Gold will post 0.4018519 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.02 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.08 annualized dividend and a yield of 0.97%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.01. Alamos Gold’s dividend payout ratio is currently 16.67%.

About Alamos Gold

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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