Alamos Gold (TSE:AGI) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Alamos Gold Inc.'s stock price has surpassed its 200-day moving average, indicating positive momentum, with shares traded at C$39.37.
• Analysts have revised price targets for Alamos Gold, with a consensus rating of "Buy" and a new average price target of C$44.45.
• Insiders have sold a total of over C$2.7 million worth of shares in recent months, raising concerns about insider activity despite stating they own only 0.27% of the company.

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$36.12 and traded as high as C$39.83. Alamos Gold shares last traded at C$39.37, with a volume of 586,623 shares.

Wall Street Analyst Weigh In

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

Alamos Gold Trading Up 2.6%

The firm has a market capitalization of C$17.59 billion, a price-to-earnings ratio of 51.02, a PEG ratio of -2.10 and a beta of 0.51. The company has a fifty day moving average price of C$36.36 and a two-hundred day moving average price of C$36.36. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48.

Alamos Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, September 11th will be 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 is currently 12.20%.

Insider Transactions at Alamos Gold

In other news, Senior Officer John Michael Fitzgerald sold 40,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of C$37.00, for a total transaction of C$1,479,880.00. Also, Senior Officer Gregory S. Fisher sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$37.27, for a total transaction of C$372,700.00. Insiders have sold a total of 75,204 shares of company stock worth $2,784,736 in the last ninety days. Insiders own 0.27% of the company's stock.

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.