Alamos Gold (TSE:AGI) Sets New 1-Year High - Here's Why

Key Points

• Alamos Gold Inc. shares hit a new 52-week high, trading at C$46.92 after previously closing at C$46.05, with a trading volume of 626,419 shares.
• A number of analysts have upgraded their ratings on Alamos Gold, with National Bankraising the target from C$51.75 to C$52.25 and Bank of America increasing it to C$55.00.
• The company recently announced a dividend of $0.025 per share, resulting in a dividend yield of 0.2%, and a payout ratio of 12.20%.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI shares hit a new 52-week high on Tuesday . The company traded as high as C$46.96 and last traded at C$46.92, with a volume of 626419 shares trading hands. The stock had previously closed at C$46.05.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. National Bankshares upped their target price on shares of 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. Bank of America upped their target price on shares of Alamos Gold from C$50.50 to C$55.00 in a research report on Friday, August 29th. BMO Capital Markets upped their target price on shares of Alamos Gold from C$48.00 to C$51.00 in a research report on Tuesday, September 16th. Finally, TD Securities decreased their target price on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$49.54.

Alamos Gold Trading Up 1.6%

The stock's fifty day simple moving average is C$39.01 and its 200-day simple moving average is C$37.64. The firm has a market cap of C$19.67 billion, a PE ratio of 57.05, a PEG ratio of -2.10 and a beta of 0.59. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06.

Alamos Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, September 11th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold's dividend payout ratio (DPR) is presently 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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