Alamos Gold Inc. (TSE:AGI) Director John Mccluskey Sells 100,000 Shares

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Director John Mccluskey sold 100,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of C$20.82, for a total value of C$2,082,000.00.

Alamos Gold Trading Up 0.4 %

TSE AGI opened at C$20.54 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.36. Alamos Gold Inc. has a one year low of C$14.80 and a one year high of C$22.00. The company has a 50-day simple moving average of C$19.22 and a 200-day simple moving average of C$18.11. The firm has a market capitalization of C$8.15 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97.

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

Alamos Gold Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on AGI. BMO Capital Markets upped their price target on Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. National Bankshares cut their price objective on shares of Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a report on Friday, April 26th. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$21.75 to C$27.75 in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group set a C$14.00 price objective on shares of Alamos Gold and gave the stock a “buy” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$22.55.

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.