Alamos Gold (TSE:AGI) Price Target Increased to C$31.00 by Analysts at BMO Capital Markets

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target upped by BMO Capital Markets from C$27.00 to C$31.00 in a research note released on Monday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research firms also recently issued reports on AGI. National Bank Financial downgraded Alamos Gold from a strong-buy rating to a hold rating in a research report on Sunday, September 8th. National Bankshares cut their price objective on Alamos Gold from C$26.50 to C$26.00 and set an outperform rating on the stock in a report on Friday, August 2nd. Scotiabank raised Alamos Gold to a strong-buy rating in a report on Tuesday, July 16th. CIBC upped their target price 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. Finally, Canaccord Genuity Group raised their price target on shares of Alamos Gold from C$25.00 to C$29.00 in a research report on Tuesday, July 23rd. Three investment 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 has an average rating of Moderate Buy and an average target price of C$25.80.

Alamos Gold Price Performance

Shares of AGI stock opened at C$27.51 on Monday. The firm has a market capitalization of C$11.55 billion, a price-to-earnings ratio of 40.46, a PEG 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. The stock’s 50-day simple moving average is C$24.92 and its 200-day simple moving average is C$22.20. Alamos Gold has a fifty-two week low of C$14.80 and a fifty-two week high of C$28.66.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its earnings results on Wednesday, July 31st. The company reported C$0.33 earnings per share for the quarter, topping the consensus estimate of C$0.26 by C$0.07. The company had revenue of C$455.07 million for the quarter. Alamos Gold had a net margin of 17.72% and a return on equity of 6.72%. As a group, equities analysts forecast that Alamos Gold will post 1.4766404 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

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

Insider Transactions at Alamos Gold

In related news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total transaction of C$286,414.32. In other news, Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$21.48, for a total transaction of C$286,414.32. Also, Senior Officer John Michael Fitzgerald sold 20,456 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$27.73, for a total value of C$567,150.78. Insiders have sold 80,910 shares of company stock valued at $2,060,405 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

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.