Canaccord Genuity Group Raises Alamos Gold (TSE:AGI) Price Target to C$25.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price upped by Canaccord Genuity Group from C$23.00 to C$25.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

A number of other brokerages have also commented on AGI. TD Securities upped their price objective 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. Haywood Securities increased their target price on Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Desjardins reduced their target price on Alamos Gold from C$19.50 to C$18.75 and set a hold rating on the stock in a report on Friday, January 12th. Royal Bank of Canada raised Alamos Gold from a sector perform rating to an outperform rating and raised their price objective for the company from C$12.00 to C$16.00 in a research note on Thursday, January 11th. Finally, National Bankshares reduced their price objective on Alamos Gold from C$27.50 to C$27.00 in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of C$22.55.

Alamos Gold Trading Up 2.0 %

Shares of Alamos Gold stock opened at C$20.91 on Tuesday. Alamos Gold has a 12-month low of C$14.80 and a 12-month high of C$22.00. The stock has a market cap of C$8.30 billion, a P/E ratio of 29.04, a P/E/G ratio of -2.10 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is C$18.64 and its 200-day moving average is C$17.92.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.18. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The business had revenue of C$374.24 million for the quarter. Equities research analysts predict that Alamos Gold will post 0.7762158 earnings per share for the current fiscal year.

Alamos Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 annualized dividend and a yield of 0.65%. Alamos Gold’s dividend payout ratio is presently 19.44%.

Insider Transactions at Alamos Gold

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

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.