Alamos Gold Inc. (TSE:AGI) Director Sells C$2,082,000.00 in Stock

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

Alamos Gold Price Performance

Shares of AGI opened at C$20.54 on Monday. The firm has a market capitalization of C$8.15 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of -2.10 and a beta of 0.97. 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 stock’s fifty day moving average is C$19.22 and its 200-day moving average is C$18.12.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly 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 for the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. Equities analysts anticipate that Alamos Gold Inc. will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $0.034 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s payout ratio is currently 19.44%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AGI shares. Desjardins decreased their price target on 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. Canaccord Genuity Group upped their price target on shares of Alamos Gold from C$23.00 to C$25.00 in a research report on Tuesday, April 23rd. National Bankshares decreased their price target 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. BMO Capital Markets upped their price objective 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. Finally, Royal Bank of Canada raised Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$12.00 to C$16.00 in a research report on Thursday, January 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$22.55.

About Alamos Gold

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.