Brokerages Set Alamos Gold Inc. (TSE:AGI) PT at C$22.10

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$22.10.

A number of analysts recently commented on AGI shares. Haywood Securities boosted their target price on shares of Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Desjardins dropped their price target 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 stock from C$12.00 to C$16.00 in a research note on Thursday, January 11th. National Bankshares decreased their target price on Alamos Gold from C$27.50 to C$27.00 in a report on Friday. Finally, TD Securities upped their target price 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.

Insiders Place Their Bets

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 transaction of C$559,737.00. Corporate insiders own 0.29% of the company’s stock.

Alamos Gold Stock Down 3.9 %

AGI opened at C$20.23 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. The company has a market capitalization of C$8.03 billion, a PE ratio of 28.10, a P/E/G ratio of -2.10 and a beta of 0.97. The stock’s fifty day moving average is C$18.34 and its 200-day moving average is C$17.85. Alamos Gold has a one year low of C$14.80 and a one year high of C$22.00.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.16. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. The firm had revenue of C$346.65 million for the quarter. On average, equities analysts predict that Alamos Gold will post 0.7762158 EPS for the current fiscal year.

Alamos Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.034 dividend. This represents a $0.14 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 19.44%.

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.