Analysts Set Alamos Gold Inc. (TSE:AGI) Target Price at C$24.95

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been given a consensus rating of “Buy” by the nine brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$24.90.

A number of research analysts have recently issued reports on AGI shares. Canaccord Genuity Group upped their price target on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bankshares cut their price objective on shares of Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating for the company in a research report on Friday. TD Securities increased their target price on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. Scotiabank raised Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th.

Insider Transactions at Alamos Gold

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total transaction of C$286,414.32. In other Alamos Gold news, Senior Officer Colin Webster sold 37,774 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$21.92, for a total transaction of C$828,006.08. Also, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of Alamos Gold stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. In the last quarter, insiders sold 153,052 shares of company stock worth $3,409,101. 0.28% of the stock is currently owned by insiders.

Alamos Gold Stock Up 0.3 %

Shares of Alamos Gold stock opened at C$24.15 on Monday. The stock has a market capitalization of C$9.61 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. Alamos Gold has a 52-week low of C$14.80 and a 52-week high of C$25.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.79. The company has a 50-day simple moving average of C$22.55 and a two-hundred day simple moving average of C$20.02.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.034 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is 19.72%.

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.