Alamos Gold (TSE:AGI) Given New C$65.00 Price Target at Stifel Nicolaus

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by Stifel Nicolaus from C$48.00 to C$65.00 in a report published on Monday,BayStreet.CA reports.

A number of other research firms have also commented on AGI. CIBC upped their price objective on shares of Alamos Gold from C$55.00 to C$74.00 in a research note on Friday, October 10th. National Bankshares upped their price objective on shares of Alamos Gold from C$56.00 to C$64.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th. TD Securities reduced their price objective 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. Finally, BMO Capital Markets upped their price objective on shares of Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$57.86.

Alamos Gold Price Performance

AGI stock opened at C$49.40 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. Alamos Gold has a one year low of C$24.47 and a one year high of C$52.73. The firm has a market capitalization of C$20.77 billion, a PE ratio of 60.24, a P/E/G ratio of -2.10 and a beta of 0.78. The firm has a 50-day moving average of C$44.06 and a two-hundred day moving average of C$39.20.

Alamos Gold Cuts Dividend

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