Alamos Gold Inc. (TSE:AGI) Given Consensus Rating of “Hold” by Brokerages

Alamos Gold Inc. (TSE:AGIGet Rating) (NYSE:AGI) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$12.06.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada set a C$8.00 target price on Alamos Gold and gave the stock a “sector perform” rating in a report on Wednesday, January 19th. Canaccord Genuity Group cut Alamos Gold to a “hold” rating and set a C$10.00 price target on the stock. in a research note on Tuesday, January 18th. BMO Capital Markets reduced their price objective on shares of Alamos Gold from C$14.00 to C$11.00 in a research note on Wednesday, January 19th. CIBC dropped their target price on shares of Alamos Gold from C$14.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 19th. Finally, National Bankshares upped their price target on shares of Alamos Gold from C$10.50 to C$11.00 and gave the company a “sector perform” rating in a research report on Thursday, March 3rd.

In other news, Senior Officer Colin Webster sold 17,166 shares of the company’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of C$11.15, for a total value of C$191,347.69. Following the transaction, the insider now directly owns 20,585 shares of the company’s stock, valued at C$229,458.94.

Shares of AGI traded up C$0.12 during mid-day trading on Monday, hitting C$11.05. The company’s stock had a trading volume of 501,118 shares, compared to its average volume of 947,701. The firm has a 50-day moving average price of C$9.91 and a 200 day moving average price of C$9.63. The stock has a market capitalization of C$4.33 billion and a price-to-earnings ratio of -52.08. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.92 and a quick ratio of 1.50. Alamos Gold has a fifty-two week low of C$8.30 and a fifty-two week high of C$11.33.

Alamos Gold (TSE:AGIGet Rating) (NYSE:AGI) last issued its earnings results on Wednesday, February 23rd. The company reported C$0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.11. The business had revenue of C$256.06 million for the quarter, compared to the consensus estimate of C$254.59 million. As a group, equities analysts anticipate that Alamos Gold will post 0.5142149 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were given a dividend of $0.032 per share. The ex-dividend date was Wednesday, March 16th. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.13 dividend on an annualized basis and a yield of 1.16%. Alamos Gold’s payout ratio is presently -35.38%.

Alamos Gold Company Profile (Get Rating)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Matachewan in the Northern Ontario, Canada.

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