Alamos Gold (TSE:AGI) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Alamos Gold's share price has surpassed its 200-day moving average, reaching C$43.24 with a trading volume of over 1.3 million shares.
• Brokerages have mixed views on Alamos Gold, with Bank of America raising its target price to C$55.00 while other firms, like TD Securities, have adjusted it downwards.
• The company recently announced a quarterly dividend of $0.025 per share, which indicates a low dividend yield of 0.2% and a payout ratio of 12.20%.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$37.38 and traded as high as C$43.99. Alamos Gold shares last traded at C$43.24, with a volume of 1,359,292 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGI. Bank of America boosted their price target on shares of Alamos Gold from C$50.50 to C$55.00 in a research note on Friday, August 29th. TD Securities dropped their price target on shares of Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. National Bankshares boosted their price target on shares of Alamos Gold from C$51.75 to C$52.25 and gave the stock an "outperform" rating in a research note on Friday, June 27th. Finally, BMO Capital Markets boosted their price target on shares of Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. Two investment 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 stock has a consensus rating of "Buy" and an average price target of C$49.54.

Alamos Gold Price Performance

The company's 50-day moving average price is C$38.81 and its 200-day moving average price is C$37.56. The company has a debt-to-equity ratio of 8.48, a current ratio of 1.62 and a quick ratio of 1.06. The company has a market cap of C$18.70 billion, a P/E ratio of 54.26, a P/E/G ratio of -2.10 and a beta of 0.59.

Alamos Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 11th were given 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 is 12.20%.

About Alamos Gold

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.