Alamos Gold Inc (AGI) Given Consensus Recommendation of “Buy” by Analysts

Shares of Alamos Gold Inc (TSE:AGI) (NYSE:AGI) have been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$10.28.

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a C$11.50 price objective on shares of Alamos Gold in a research report on Thursday, September 6th. Canaccord Genuity lowered their price objective on shares of Alamos Gold from C$13.00 to C$11.50 in a research report on Thursday, October 18th. Royal Bank of Canada lowered their price objective on shares of Alamos Gold from C$7.50 to C$7.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 7th. Raymond James boosted their target price on shares of Alamos Gold from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. Finally, TD Securities reduced their target price on shares of Alamos Gold from C$12.50 to C$10.50 and set a “buy” rating for the company in a research note on Monday, November 5th.

Shares of TSE:AGI traded up C$0.14 during trading on Friday, reaching C$4.83. 493,880 shares of the company’s stock traded hands, compared to its average volume of 803,577. The company has a quick ratio of 2.03, a current ratio of 3.33 and a debt-to-equity ratio of 0.20. Alamos Gold has a 12 month low of C$4.41 and a 12 month high of C$8.94.

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 30th. Shareholders of record on Monday, October 15th were paid a dividend of $0.013 per share. This represents a yield of 0.17%. The ex-dividend date of this dividend was Friday, October 12th. Alamos Gold’s payout ratio is -133.33%.

In other Alamos Gold news, insider Colin Webster sold 12,500 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of C$5.43, for a total transaction of C$67,875.00. Also, Director John Mccluskey purchased 5,000 shares of Alamos Gold stock in a transaction dated Monday, September 17th. The stock was bought at an average cost of C$5.80 per share, with a total value of C$29,000.00.

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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Analyst Recommendations for Alamos Gold (TSE:AGI)

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