Alamos Gold (AGI) Sets New 12-Month Low at $7.00

Alamos Gold (TSE:AGI) (NYSE:AGI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$7.00 and last traded at C$7.08, with a volume of 307636 shares traded. The stock had previously closed at C$7.20.

Several equities research analysts have issued reports on the stock. National Bank Financial cut their price objective on shares of Alamos Gold from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Laurentian set a C$9.50 price objective on shares of Alamos Gold and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Canaccord Genuity raised their price objective on shares of Alamos Gold from C$13.00 to C$13.50 in a research report on Friday, January 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Alamos Gold has a consensus rating of “Buy” and a consensus target price of C$11.81.

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Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.06. The firm had revenue of C$205.37 million during the quarter. Alamos Gold had a negative net margin of 2.91% and a negative return on equity of 0.80%.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be given a dividend of $0.013 per share. The ex-dividend date of this dividend is Friday, April 13th. This is an increase from Alamos Gold’s previous Semi-Annual dividend of $0.01. This represents a yield of 0.15%.

In other Alamos Gold news, Director David Alexander Fleck bought 10,000 shares of the stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of C$6.59 per share, with a total value of C$65,900.00. Also, Director Claire Marie Catherin Kennedy bought 4,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of C$6.84 per share, for a total transaction of C$27,360.00. Insiders have acquired 63,000 shares of company stock valued at $418,175 over the last 90 days.

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Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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