Alamos Gold (TSE:AGI) Price Target Raised to C$51.00 at BMO Capital Markets

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price raised by BMO Capital Markets from C$48.00 to C$51.00 in a research report released on Tuesday,BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on AGI. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. TD Securities reduced 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 research note on Friday, August 1st. 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 research note on Friday, June 27th. Finally, Bank of America increased their price target on shares of Alamos Gold from C$50.50 to C$55.00 in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$49.54.

Alamos Gold Stock Down 5.7%

AGI stock opened at C$43.43 on Tuesday. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. Alamos Gold has a 52-week low of C$24.47 and a 52-week high of C$46.94. The company has a 50-day moving average of C$38.37 and a two-hundred day moving average of C$37.33. The stock has a market capitalization of C$18.26 billion, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of -2.10 and a beta of 0.59.

Alamos Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, September 11th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.2%. Alamos Gold’s dividend payout ratio is currently 12.20%.

Alamos Gold Company Profile

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.