National Bankshares Issues Positive Forecast for Alamos Gold (TSE:AGI) Stock Price

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price boosted by National Bankshares from C$53.50 to C$56.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research analysts also recently commented on AGI. BMO Capital Markets increased their target price on shares of Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. Bank of America increased their target price on shares of Alamos Gold from C$50.50 to C$55.00 in a research report on Friday, August 29th. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, TD Securities decreased their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, Alamos Gold presently has an average rating of “Buy” and an average price target of C$50.17.

Alamos Gold Trading Down 0.9%

TSE AGI opened at C$46.37 on Wednesday. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The firm’s fifty day moving average price is C$39.44 and its 200 day moving average price is C$37.76. The company has a market capitalization of C$19.50 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of -2.10 and a beta of 0.59. Alamos Gold has a 12 month low of C$24.47 and a 12 month high of C$47.71.

Alamos Gold Cuts Dividend

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

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.