Canaccord Genuity Group Boosts Alamos Gold (TSE:AGI) Price Target to C$25.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective upped by Canaccord Genuity Group from C$23.00 to C$25.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on AGI. Haywood Securities upped their price objective on shares of Alamos Gold from C$20.00 to C$22.50 in a research report on Monday, April 1st. National Bank Financial reaffirmed an outperform overweight rating on shares of Alamos Gold in a research note on Monday, April 8th. TD Securities lifted their price objective on Alamos Gold from C$23.00 to C$24.00 and gave the stock a buy rating in a report on Thursday, March 28th. Desjardins reduced their target price on Alamos Gold from C$19.50 to C$18.75 and set a hold rating for the company in a report on Friday, January 12th. Finally, Royal Bank of Canada upgraded Alamos Gold from a sector perform rating to an outperform rating and raised their target price for the company from C$12.00 to C$16.00 in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of Moderate Buy and an average price target of C$22.60.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at C$20.64 on Tuesday. The firm has a market cap of C$8.19 billion, a PE ratio of 28.67, a P/E/G ratio of -2.10 and a beta of 0.97. Alamos Gold has a twelve month low of C$14.80 and a twelve month high of C$22.00. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of C$18.34 and a 200 day moving average price of C$17.85.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, meeting analysts’ consensus estimates of C$0.16. The business had revenue of C$346.65 million during the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. Sell-side analysts predict that Alamos Gold will post 0.7762158 earnings per share for the current fiscal 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 issued a $0.034 dividend. This represents a $0.14 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is currently 19.44%.

Insider Transactions at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the company’s 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.