Analysts Set Alamos Gold Inc. (TSE:AGI) Target Price at C$24.95

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has been assigned an average recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$24.90.

AGI has been the topic of several research reports. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. CIBC lifted their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a 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 report on Monday, July 22nd. Finally, Scotiabank raised shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 16th.

Insiders Place Their Bets

In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32. Also, Senior Officer Gregory S. Fisher sold 8,144 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of C$21.35, for a total transaction of C$173,874.40. Insiders have sold 153,052 shares of company stock valued at $3,409,101 in the last ninety days. 0.28% of the stock is currently owned by insiders.

Alamos Gold Price Performance

Shares of TSE:AGI opened at C$24.15 on Monday. The firm has a 50 day moving average of C$22.58 and a 200-day moving average of C$20.09. The stock has a market capitalization of C$9.61 billion, a PE ratio of 34.01, a PEG ratio of -2.10 and a beta of 1.05. The company has a current ratio of 2.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 12 month low of C$14.80 and a 12 month high of C$25.08.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a dividend of $0.034 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s payout ratio is 19.72%.

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.