Nicole Marie Lichowit Sells 1,590 Shares of Alamos Gold Inc. (TSE:AGI) Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the transaction, the insider now directly owns 374 shares in the company, valued at C$10,718.84.

Alamos Gold Stock Down 1.3 %

Shares of Alamos Gold stock opened at C$28.07 on Wednesday. Alamos Gold Inc. has a 12-month low of C$14.80 and a 12-month high of C$28.91. The firm has a market capitalization of C$11.78 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a quick ratio of 1.06, a current ratio of 3.04 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is C$25.22 and its 200-day moving average is C$22.44.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, beating analysts’ consensus estimates of C$0.26 by C$0.07. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. The company had revenue of C$455.07 million during the quarter. Equities analysts anticipate that Alamos Gold Inc. will post 1.4766404 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.035 dividend. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.14 dividend on an annualized basis and a yield of 0.50%. Alamos Gold’s dividend payout ratio (DPR) is currently 20.59%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. Canaccord Genuity Group upped their target price on Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. BMO Capital Markets increased their price target on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, National Bankshares upped their price objective on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$25.80.

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.