Alamos Gold (TSE:AGI) Reaches New 12-Month High at $25.07

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$25.07 and last traded at C$24.85, with a volume of 816764 shares. The stock had previously closed at C$23.85.

Analysts Set New Price Targets

A number of analysts have commented on the company. Canaccord Genuity Group lifted their target price on Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. National Bankshares dropped their price target on Alamos Gold from C$26.50 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. TD Securities raised their price target on Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. CIBC raised their price target on Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Scotiabank upgraded Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average price target of C$24.90.

Alamos Gold Stock Up 4.2 %

The company has a market capitalization of C$10.43 billion, a PE ratio of 35.88, a P/E/G ratio of -2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.04 and a quick ratio of 1.06. The company has a 50-day moving average of C$22.65 and a two-hundred day moving average of C$20.35.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a dividend of $0.034 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.14 annualized dividend and a yield of 0.55%. Alamos Gold’s dividend payout ratio (DPR) is presently 20.29%.

Insider Activity at Alamos Gold

In other Alamos Gold news, Director John Mccluskey sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$23.20, for a total transaction of C$696,000.00. In other Alamos Gold news, Director John Mccluskey sold 30,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$23.20, for a total transaction of C$696,000.00. Also, Senior Officer Mario Luis Chavez – Martinez sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$23.15, for a total value of C$115,748.50. Over the last three months, insiders have sold 124,908 shares of company stock worth $2,815,227. Corporate insiders own 0.27% 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.