Alamos Gold Inc. (TSE:AGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$22.55.

Several research firms have recently issued reports on AGI. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. TD Securities lifted their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. National Bankshares cut their target price on Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research report on Friday, April 26th. BMO Capital Markets raised their target price on Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Canaccord Genuity Group boosted their price target on Alamos Gold from C$23.00 to C$25.00 in a research note on Tuesday, April 23rd.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$21.00 on Friday. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$23.60. The business’s fifty day simple moving average is C$21.60 and its 200-day simple moving average is C$19.03. The company has a current ratio of 2.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The company has a market cap of C$8.36 billion, a PE ratio of 29.58, a PEG ratio of -2.10 and a beta of 1.05.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.18. The company had revenue of C$374.24 million for the quarter. Alamos Gold had a return on equity of 7.12% and a net margin of 19.41%. Analysts expect that Alamos Gold will post 0.9497925 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.034 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.65%. Alamos Gold’s payout ratio is currently 19.72%.

Insider Transactions at Alamos Gold

In related news, Director John Mccluskey sold 100,000 shares of Alamos Gold stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of C$20.82, for a total transaction of C$2,082,000.00. In related news, Director John Mccluskey sold 100,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of C$20.82, for a total transaction of C$2,082,000.00. Also, Senior Officer Scott Kyle Parsons sold 34,000 shares of Alamos Gold stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$23.13, for a total transaction of C$786,433.60. Insiders have sold 244,918 shares of company stock worth $5,312,833 over the last quarter. 0.28% of the stock is currently owned by 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.