Alamos Gold Inc. (TSE:AGI) Receives C$19.86 Average Target Price from Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$20.41.

AGI has been the subject of several recent research reports. Jefferies Financial Group set a C$14.00 target price on shares of Alamos Gold and gave the stock a “buy” rating in a report on Thursday, February 29th. TD Securities lifted their price objective on shares of Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday. Desjardins cut their price objective on shares of Alamos Gold from C$19.50 to C$18.75 and set a “hold” rating for the company in a report on Friday, January 12th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Wednesday, January 3rd. Finally, BMO Capital Markets lifted their target price on shares of Alamos Gold from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Thursday.

Alamos Gold Price Performance

Shares of AGI opened at C$19.97 on Tuesday. The company has a market cap of C$7.92 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. Alamos Gold has a twelve month low of C$14.80 and a twelve month high of C$20.20. 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 company has a 50 day moving average of C$17.01 and a two-hundred day moving average of C$17.31.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share for the quarter, meeting the consensus estimate of C$0.16. The company had revenue of C$346.65 million during the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. As a group, analysts predict that Alamos Gold will post 0.8047079 earnings per share for the current fiscal year.

Alamos Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.034 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.68%. Alamos Gold’s dividend payout ratio is currently 19.44%.

Insider Buying and Selling

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. Corporate insiders own 0.29% 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.