Analysts Set Alamos Gold Inc. (TSE:AGI) PT at C$12.51

Alamos Gold Inc. (TSE:AGI – Get Rating) (NYSE:AGI) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$12.40.

AGI has been the topic of a number of research analyst reports. TD Securities decreased their target price on Alamos Gold from C$16.50 to C$16.00 in a research report on Thursday. Bank of America boosted their target price on Alamos Gold from C$10.25 to C$10.60 and gave the stock a “na” rating in a research report on Wednesday, June 29th. Canaccord Genuity Group upgraded Alamos Gold to a “buy” rating and set a C$12.00 target price on the stock in a research report on Thursday, April 28th. Finally, National Bankshares decreased their target price on Alamos Gold from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Thursday.

Alamos Gold Stock Down 0.7 %

Alamos Gold stock opened at C$9.29 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.18 and a quick ratio of 1.22. Alamos Gold has a 1-year low of C$8.30 and a 1-year high of C$11.61. The company has a market cap of C$3.64 billion and a PE ratio of -22.28. The stock’s 50 day moving average price is C$9.47 and its 200 day moving average price is C$9.69.

Alamos Gold (TSE:AGI – Get Rating) (NYSE:AGI) last posted its earnings results on Wednesday, April 27th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The business had revenue of C$233.71 million during the quarter, compared to the consensus estimate of C$229.55 million. On average, sell-side analysts predict that Alamos Gold will post 0.6479167 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were paid a $0.032 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.13 annualized dividend and a yield of 1.38%. Alamos Gold’s payout ratio is currently -17.99%.

Insider Activity at Alamos Gold

In other Alamos Gold news, Director Paul Murphy bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was purchased at an average cost of C$9.30 per share, for a total transaction of C$46,500.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately C$279,000.

Alamos Gold Company Profile

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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 hectares located in Matachewan in the Northern Ontario, Canada.