Alamos Gold (TSE:AGI) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$24.32 and traded as high as C$25.52. Alamos Gold shares last traded at C$24.90, with a volume of 1,544,848 shares traded.

Wall Street Analyst Weigh In

AGI has been the topic of several recent analyst reports. Canaccord Genuity Group increased their target price on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. National Bankshares raised their target price 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. BMO Capital Markets upped their target price on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, TD Securities raised their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$25.80.

Alamos Gold Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The company has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 36.66, a P/E/G ratio of -2.10 and a beta of 1.10. The stock’s fifty day simple moving average is C$27.07 and its two-hundred day simple moving average is C$24.32.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.04). Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The company had revenue of C$492.35 million during the quarter. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 1.4774775 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.035 per share. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s payout ratio is 20.59%.

Insider Transactions at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total transaction of C$567,150.78. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$26.68, for a total value of C$440,220.00. Insiders sold a total of 38,546 shares of company stock valued at $1,052,940 over the last quarter. Company insiders own 0.27% of the company’s stock.

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.