Insider Selling: Alamos Gold Inc. (TSE:AGI) Senior Officer Sells 16,500 Shares of Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of Alamos Gold stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total transaction of C$440,220.00.

Alamos Gold Stock Up 1.9 %

Alamos Gold stock traded up C$0.51 during trading hours on Monday, hitting C$26.75. The company had a trading volume of 858,724 shares, compared to its average volume of 651,278. Alamos Gold Inc. has a fifty-two week low of C$14.80 and a fifty-two week high of C$26.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The firm has a market capitalization of C$11.23 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of -2.10 and a beta of 1.09. The firm’s fifty day moving average is C$22.90 and its 200-day moving average is C$20.66.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a dividend of $0.034 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.51%. Alamos Gold’s dividend payout ratio is 20.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AGI shares. Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th. Canaccord Genuity Group lifted their price target on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. CIBC upped their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. National Bankshares decreased their target price on shares of Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, TD Securities boosted their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a report on Monday, July 22nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$24.90.

Alamos Gold Company Profile

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.