Brokerages Set Alamos Gold Inc. (TSE:AGI) PT at C$11.87

Shares of Alamos Gold Inc. (TSE:AGIGet Rating) (NYSE:AGI) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$11.87.

A number of equities analysts have weighed in on AGI shares. TD Securities reduced their price objective on shares of Alamos Gold from C$16.50 to C$16.00 in a research report on Thursday, July 21st. National Bankshares dropped their target price on shares of Alamos Gold from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Thursday, July 21st. Finally, Bank of America upped their target price on shares of Alamos Gold from C$10.25 to C$10.60 and gave the stock a “na” rating in a report on Wednesday, June 29th.

Alamos Gold Stock Performance

TSE:AGI opened at C$9.82 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.14 and a current ratio of 2.67. The company has a fifty day moving average of C$9.69 and a two-hundred day moving average of C$9.90. The stock has a market capitalization of C$3.85 billion and a PE ratio of 57.76. Alamos Gold has a fifty-two week low of C$8.30 and a fifty-two week high of C$11.61.

Alamos Gold (TSE:AGIGet Rating) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.01. The company had revenue of C$244.04 million for the quarter. As a group, research analysts forecast that Alamos Gold will post 0.65 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, September 14th. Alamos Gold’s dividend payout ratio is currently 44.12%.

Insider Activity at Alamos Gold

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

About Alamos Gold

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Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc

Further Reading

Analyst Recommendations for Alamos Gold (TSE:AGI)

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