Alamos Gold (TSE:AGI) Reaches New 1-Year High – Should You Buy?

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) reached a new 52-week high on Tuesday . The stock traded as high as C$43.86 and last traded at C$43.81, with a volume of 695595 shares trading hands. The stock had previously closed at C$41.84.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AGI. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Bank of America upped their price target on shares of Alamos Gold from C$50.50 to C$55.00 in a research report on Friday. TD Securities lowered their price target on shares of Alamos Gold from C$48.00 to C$47.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, National Bankshares upped their price target on shares of Alamos Gold from C$51.75 to C$52.25 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$46.21.

Alamos Gold Stock Up 5.4%

The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The company has a market capitalization of C$18.53 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of -2.10 and a beta of 0.51. The business’s 50 day simple moving average is C$36.46 and its 200 day simple moving average is C$36.43.

Alamos Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 11th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Alamos Gold’s dividend payout ratio is 12.20%.

Insider Buying and Selling at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 40,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of C$37.00, for a total value of C$1,479,880.00. 0.27% of the stock is owned by corporate insiders.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.