Alamos Gold Inc. (TSE:AGI) Given Consensus Rating of “Buy” by Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$46.21.

A number of brokerages have issued reports on AGI. National Bankshares increased their target price on shares of Alamos Gold from C$51.75 to C$52.25 and gave the company an “outperform” rating in a report on Friday, June 27th. TD Securities dropped their target price on shares of Alamos Gold from C$48.00 to C$47.00 and set a “buy” rating for the company in a report on Friday, August 1st. Bank of America increased their target price on shares of Alamos Gold from C$50.50 to C$55.00 in a report on Friday. Finally, Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th.

Alamos Gold Trading Up 2.6%

Shares of Alamos Gold stock opened at C$41.84 on Tuesday. Alamos Gold has a 12-month low of C$24.37 and a 12-month high of C$42.97. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The stock has a market cap of C$17.59 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of -2.10 and a beta of 0.51. The company has a 50-day moving average of C$36.46 and a two-hundred day moving average of C$36.43.

Alamos Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 11th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s dividend payout ratio is presently 12.20%.

Insider Activity at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 7,759 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total value of C$287,059.72. 0.27% of the stock is owned by corporate insiders.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.