Alamos Gold Inc. (TSE:AGI) Receives Average Recommendation of “Buy” from Analysts

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$24.90.

Several equities research analysts recently issued reports on the company. TD Securities boosted their price target on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Canaccord Genuity Group increased their target price on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Scotiabank upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$21.75 to C$27.75 in a research report on Tuesday, April 9th.

Insider Transactions at Alamos Gold

In other news, Director John Mccluskey sold 20,000 shares of Alamos Gold stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of C$21.00, for a total transaction of C$420,000.00. In other news, Director John Mccluskey sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$21.00, for a total transaction of C$420,000.00. Also, Senior Officer Colin Webster sold 37,774 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$21.92, for a total transaction of C$828,006.08. Over the last ninety days, insiders sold 153,052 shares of company stock worth $3,409,101. Corporate insiders own 0.28% of the company’s stock.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at C$24.15 on Monday. The company has a 50-day simple moving average of C$22.58 and a two-hundred day simple moving average of C$20.09. Alamos Gold has a twelve month low of C$14.80 and a twelve month high of C$25.08. The stock has a market capitalization of C$9.61 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. The company has a quick ratio of 1.06, a current ratio of 2.79 and a debt-to-equity ratio of 0.04.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.034 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.56%. Alamos Gold’s payout ratio is presently 19.72%.

About Alamos Gold

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.