Alamos Gold (TSE:AGI) Hits New 52-Week High at $15.67

Posted by Defense World Staff on Mar 19th, 2023

Alamos Gold Inc. (TSE:AGI – Get Rating) (NYSE:AGI) hit a new 52-week high on Friday . The company traded as high as C$15.67 and last traded at C$15.52, with a volume of 898570 shares trading hands. The stock had previously closed at C$14.55.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Alamos Gold from C$18.50 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Haywood Securities lifted their price objective on shares of Alamos Gold from C$13.50 to C$15.00 in a research note on Tuesday, January 17th. National Bankshares lifted their price objective on shares of Alamos Gold from C$18.00 to C$18.25 and gave the company an “outperform” rating in a research note on Friday, February 24th. BMO Capital Markets lifted their price objective on shares of Alamos Gold from C$14.00 to C$16.00 in a research note on Monday, January 16th. Finally, National Bank Financial lifted their price objective on shares of Alamos Gold from C$18.00 to C$18.25 in a research note on Friday, February 24th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$15.64.

Alamos Gold Trading Up 6.9 %

The business has a fifty day moving average of C$14.39 and a 200-day moving average of C$12.52. The stock has a market capitalization of C$6.13 billion, a price-to-earnings ratio of 129.67, a price-to-earnings-growth ratio of -2.10 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.42 and a quick ratio of 1.06.

Alamos Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 16th will be paid a $0.033 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $0.13 dividend on an annualized basis and a yield of 0.85%. Alamos Gold’s dividend payout ratio is currently 116.67%.

Insider Buying and Selling

In related news, Senior Officer Mario Luis Chavez – Martinez sold 40,000 shares of Alamos Gold stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of C$13.67, for a total value of C$546,716.00. Following the transaction, the insider now owns 86,994 shares of the company’s stock, valued at approximately C$1,189,025.29. 0.30% of the stock is currently owned by company insiders.