Alamos Gold (TSE:AGI – Free Report) (NYSE:AGI) had its target price upped by Canaccord Genuity Group from C$23.00 to C$25.00 in a report released on Tuesday morning, BayStreet.CA reports.
Other analysts have also issued reports about the company. Bank of America upgraded Alamos Gold from a neutral rating to a buy rating and boosted their price objective for the company from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. National Bankshares reduced their price objective on shares of Alamos Gold from C$27.50 to C$27.00 in a research note on Friday, April 19th. Desjardins lowered their target price on shares of Alamos Gold from C$19.50 to C$18.75 and set a hold rating on the stock in a research note on Friday, January 12th. Royal Bank of Canada upgraded shares of Alamos Gold from a sector perform rating to an outperform rating and boosted their price target for the company from C$12.00 to C$16.00 in a research report on Thursday, January 11th. Finally, Jefferies Financial Group set a C$14.00 price objective on Alamos Gold and gave the stock a buy rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$22.60.
Check Out Our Latest Analysis on AGI
Alamos Gold Stock Performance
Alamos Gold (TSE:AGI – Get Free Report) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.16. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The company had revenue of C$346.65 million during the quarter. As a group, sell-side analysts forecast that Alamos Gold will post 0.7762158 earnings per share for the current year.
Alamos Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.034 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.66%. Alamos Gold’s payout ratio is currently 19.44%.
Insider Buying and Selling
In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the firm’s stock in a transaction 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. 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.
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