Alamos Gold (TSE:AGI) Price Target Cut to C$26.50

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target cut by National Bankshares from C$27.00 to C$26.50 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Desjardins decreased their target price on shares of Alamos Gold from C$19.50 to C$18.75 and set a hold rating for the company in a research note on Friday, January 12th. Haywood Securities boosted their target price on shares of Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. BMO Capital Markets upped their price objective on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Jefferies Financial Group set a C$14.00 price objective on shares of Alamos Gold and gave the stock a buy rating in a research report on Thursday, February 29th. Finally, National Bank Financial restated an outperform overweight rating on shares of Alamos Gold in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of C$22.55.

Alamos Gold Stock Up 2.0 %

TSE:AGI opened at C$20.91 on Friday. The company’s 50 day moving average is C$18.75 and its two-hundred day moving average is C$17.96. The company has a market cap of C$8.30 billion, a PE ratio of 29.04, a P/E/G ratio of -2.10 and a beta of 0.97. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a twelve month low of C$14.80 and a twelve month high of C$22.00.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, meeting the consensus estimate of C$0.18. The business had revenue of C$374.24 million for the quarter. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. Analysts anticipate that Alamos Gold will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.034 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 19.44%.

Insider Activity at Alamos Gold

In related news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$18.66, for a total value of C$559,737.00. 0.29% of the stock is currently owned by 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.