Alamos Gold (TSE:AGI) Lifted to Buy at Bank of America

Bank of America upgraded shares of Alamos Gold (TSE:AGI) (NYSE:AGI) from a neutral rating to a buy rating in a research report released on Tuesday, BayStreet.CA reports. They currently have C$27.75 price target on the stock, up from their previous price target of C$21.75.

AGI has been the topic of a number of other research reports. BMO Capital Markets raised their price target on Alamos Gold from C$23.00 to C$26.00 and gave the stock an outperform rating in a report on Thursday, March 28th. TD Securities lifted their target price on Alamos Gold from C$23.00 to C$24.00 and gave the company a buy rating in a research note on Thursday, March 28th. Jefferies Financial Group set a C$14.00 price target on Alamos Gold and gave the stock a buy rating in a research note on Thursday, February 29th. Haywood Securities lifted their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. Finally, Desjardins dropped their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a hold rating on the stock in a research note on Friday, January 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$21.52.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at C$20.43 on Tuesday. The firm’s fifty day simple moving average is C$17.58 and its 200-day simple moving average is C$17.51. Alamos Gold has a 12 month low of C$14.80 and a 12 month high of C$20.94. The stock has a market capitalization of C$8.11 billion, a price-to-earnings ratio of 28.38, a PEG ratio of -2.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.36 and a quick ratio of 1.06.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.16. The company had revenue of C$346.65 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. As a group, equities analysts forecast that Alamos Gold will post 0.7749321 earnings per share for the current year.

Alamos Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.034 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.67%. Alamos Gold’s payout ratio is currently 19.44%.

Insider Activity

In other Alamos Gold news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. Insiders own 0.29% 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.