National Bankshares Raises Alamos Gold (TSE:AGI) Price Target to C$30.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price objective raised by National Bankshares from C$28.00 to C$30.00 in a research note published on Monday, BayStreet.CA reports. National Bankshares currently has a hold rating on the stock.

Other analysts have also issued research reports about the company. Canaccord Genuity Group increased their target price on Alamos Gold from C$25.00 to C$29.00 in a research note on Tuesday, July 23rd. Scotiabank raised Alamos Gold to a strong-buy rating in a research report on Tuesday, July 16th. CIBC lifted their price target on Alamos Gold from C$25.00 to C$38.00 and gave the company an outperform rating in a research report on Monday, July 15th. TD Securities lifted their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Finally, BMO Capital Markets increased their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an outperform rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$25.80.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$27.50 on Monday. The company has a market capitalization of C$11.54 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. Alamos Gold has a one year low of C$14.80 and a one year high of C$28.66. The company’s 50-day moving average is C$24.83 and its 200 day moving average is C$22.11.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.26 by C$0.07. Alamos Gold had a return on equity of 6.72% and a net margin of 17.72%. The firm had revenue of C$455.07 million during the quarter. Sell-side analysts expect that Alamos Gold will post 1.4766404 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.51%. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio (DPR) is presently 20.59%.

Insider Activity at Alamos Gold

In other Alamos Gold news, Senior Officer Adrian Paulse sold 15,571 shares of Alamos Gold stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$24.80, for a total transaction of C$386,193.50. In related news, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Also, Senior Officer Adrian Paulse sold 15,571 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total value of C$386,193.50. Insiders have sold 80,910 shares of company stock worth $2,060,405 over the last quarter. 0.27% of the stock is currently owned by company insiders.

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.