Alamos Gold (TSE:AGI) Price Target Increased to C$31.00 by Analysts at TD Securities

Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price hoisted by TD Securities from C$27.00 to C$31.00 in a research note released on Monday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. CIBC raised their target price on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an outperform rating in a report on Monday, July 15th. National Bankshares dropped their target price on shares of Alamos Gold from C$27.00 to C$26.50 and set an outperform rating on the stock in a report on Friday, April 26th. Haywood Securities raised their target price on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. BMO Capital Markets raised their target price on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an outperform rating in a report on Thursday, March 28th. Finally, Bank of America upgraded shares of Alamos Gold from a neutral rating to a buy rating and raised their target price for the stock from C$21.75 to C$27.75 in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alamos Gold currently has a consensus rating of Buy and a consensus target price of C$24.95.

Alamos Gold Trading Up 0.3 %

TSE:AGI opened at C$23.67 on Monday. The company’s 50 day moving average price is C$22.45 and its 200-day moving average price is C$19.73. Alamos Gold has a 52 week low of C$14.80 and a 52 week high of C$24.50. The company has a quick ratio of 1.06, a current ratio of 2.79 and a debt-to-equity ratio of 0.04. The stock has a market cap of C$9.42 billion, a price-to-earnings ratio of 33.34, a PEG ratio of -2.10 and a beta of 1.05.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, meeting analysts’ consensus estimates of C$0.18. Alamos Gold had a net margin of 19.41% and a return on equity of 7.12%. The firm had revenue of C$374.24 million for the quarter. On average, equities research analysts forecast that Alamos Gold will post 0.9497925 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a $0.034 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.14 annualized dividend and a yield of 0.57%. Alamos Gold’s payout ratio is presently 19.72%.

Insiders Place Their Bets

In other Alamos Gold news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Director John Mccluskey sold 100,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of C$20.82, for a total transaction of C$2,082,000.00. Over the last ninety days, insiders have sold 263,052 shares of company stock worth $5,701,871. Company insiders own 0.28% of the company’s stock.

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.