Alamos Gold (TSE:AGI) Reaches New 12-Month High - What's Next?

Key Points

• Alamos Gold has reached a new 52-week high of C$45.76, with a last trade at C$45.67 and significant trading volume of 633,785 shares.
• Recent analysts' reports have seen mixed price target adjustments, with National Bankshares raising their target to C$52.25 while TD Securities lowered theirs to C$47.00, indicating a consensus rating of "Buy."
• The company announced a quarterly dividend of $0.025, representing a 0.2% dividend yield and a payout ratio of 12.20%.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI's stock price reached a new 52-week high on Monday . The company traded as high as C$45.76 and last traded at C$45.67, with a volume of 633785 shares. The stock had previously closed at C$44.58.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGI. National Bankshares lifted their target price on Alamos Gold from C$51.75 to C$52.25 and gave the company an "outperform" rating in a research report on Friday, June 27th. TD Securities cut their price objective on Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a report on Friday, August 1st. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Bank of America increased their price objective on Alamos Gold from C$50.50 to C$55.00 in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and an average price target of C$46.21.

Alamos Gold Trading Up 1.5%

The business has a fifty day moving average of C$37.15 and a 200-day moving average of C$36.76. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The company has a market capitalization of C$19.03 billion, a P/E ratio of 55.20, a PEG ratio of -2.10 and a beta of 0.59.

Alamos Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, September 11th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Alamos Gold's dividend payout ratio is currently 12.20%.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group's largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.

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