Alamos Gold (TSE:AGI) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Alamos Gold shares have surpassed their 200-day moving average, indicating positive momentum in the stock's performance, trading at C$48.44 on a volume of 1,446,408 shares.
• Analysts have mixed forecasts, with target prices ranging from C$47.00 to C$56.00, but the consensus rating remains a solid "Buy" overall.
• The company has cut its dividend to $0.025 per share, translating to a 0.2% yield, reflecting its current financial management strategies amid market conditions.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.45 and traded as high as C$49.42. Alamos Gold shares last traded at C$48.44, with a volume of 1,446,408 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AGI. TD Securities cut their target price on Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Bank of America lifted their price objective on shares of Alamos Gold from C$50.50 to C$55.00 in a research report on Friday, August 29th. National Bankshares boosted their price objective on shares of Alamos Gold from C$53.50 to C$56.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, BMO Capital Markets increased their price target on Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$50.17.

Alamos Gold Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The stock has a market capitalization of C$20.37 billion, a PE ratio of 59.07, a PEG ratio of -2.10 and a beta of 0.78. The firm has a 50 day moving average price of C$41.49 and a 200-day moving average price of C$38.45.

Alamos Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.2%. Alamos Gold's 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.

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