Canaccord Genuity Group Raises Alamos Gold (TSE:AGI) Price Target to C$25.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target raised by Canaccord Genuity Group from C$23.00 to C$25.00 in a report published on Tuesday, BayStreet.CA reports.

AGI has been the topic of a number of other research reports. Haywood Securities upped their target price on Alamos Gold from C$20.00 to C$22.50 in a report on Monday, April 1st. Jefferies Financial Group set a C$14.00 target price on Alamos Gold and gave the company a buy rating in a report on Thursday, February 29th. Royal Bank of Canada upgraded Alamos Gold from a sector perform rating to an outperform rating and upped their target price for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. BMO Capital Markets upped their target price on Alamos Gold from C$23.00 to C$26.00 and gave the company an outperform rating in a report on Thursday, March 28th. Finally, National Bankshares dropped their price objective on Alamos Gold from C$27.50 to C$27.00 in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold presently has a consensus rating of Moderate Buy and a consensus price target of C$22.60.

Alamos Gold Price Performance

AGI stock opened at C$20.50 on Tuesday. 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 one year low of C$14.80 and a one year high of C$22.00. The firm has a market capitalization of C$8.14 billion, a PE ratio of 28.47, a P/E/G ratio of -2.10 and a beta of 0.97. The firm has a 50-day moving average of C$18.55 and a two-hundred day moving average of C$17.91.

Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, meeting analysts’ consensus estimates of C$0.18. Alamos Gold had a net margin of 20.52% and a return on equity of 7.44%. The company had revenue of C$374.24 million during the quarter. On average, analysts forecast that Alamos Gold will post 0.7762158 earnings per share for the current year.

Alamos Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.034 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 annualized dividend and a yield of 0.66%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.44%.

Insider Buying and Selling at Alamos Gold

In other Alamos Gold news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total transaction of C$559,737.00. Corporate insiders own 0.29% of the company’s stock.

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.