Brokerages Set Alamos Gold Inc. (TSE:AGI) Target Price at C$22.10

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$22.60.

Several analysts have issued reports on the company. TD Securities boosted their price target on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, March 28th. National Bankshares dropped their price objective on Alamos Gold from C$27.50 to C$27.00 in a research note on Friday, April 19th. Haywood Securities upped their price objective on Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. Canaccord Genuity Group upped their price objective on Alamos Gold from C$23.00 to C$25.00 in a research note on Tuesday. Finally, Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the stock from C$21.75 to C$27.75 in a research note on Tuesday, April 9th.

Insider Buying and Selling

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is owned by company insiders.

Alamos Gold Stock Performance

TSE:AGI opened at C$20.80 on Friday. The stock has a 50-day simple moving average of C$18.44 and a two-hundred day simple moving average of C$17.88. Alamos Gold has a 52-week low of C$14.80 and a 52-week high of C$22.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. The firm has a market capitalization of C$8.26 billion, a PE ratio of 28.89, a P/E/G ratio of -2.10 and a beta of 0.97.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The business had revenue of C$346.65 million during the quarter. Analysts forecast that Alamos Gold will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.034 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.65%. Alamos Gold’s dividend payout ratio is currently 19.44%.

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.