Alamos Gold (TSE:AGI) Hits New 12-Month High at $20.69

Shares of Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$20.69 and last traded at C$20.15, with a volume of 389642 shares changing hands. The stock had previously closed at C$20.17.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their target price on Alamos Gold from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Royal Bank of Canada raised Alamos Gold from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$12.00 to C$16.00 in a report on Thursday, January 11th. Jefferies Financial Group set a C$14.00 target price on Alamos Gold and gave the company a "buy" rating in a report on Thursday, February 29th. Desjardins dropped their price objective on Alamos Gold from C$19.50 to C$18.75 and set a "hold" rating on the stock in a research note on Friday, January 12th. Finally, Haywood Securities upped their price objective on Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$20.64.

Alamos Gold Price Performance

The company has a quick ratio of 1.06, a current ratio of 2.36 and a debt-to-equity ratio of 0.04. The company has a market cap of C$8.01 billion, a PE ratio of 27.90, a P/E/G ratio of -2.10 and a beta of 0.97. The stock has a 50-day moving average of C$17.43 and a 200-day moving average of C$17.46.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$0.16. The company had revenue of C$346.65 million for the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. Sell-side analysts predict that Alamos Gold Inc. will post 0.7749321 earnings per share for the current fiscal year.

Alamos Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.034 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 0.67%. Alamos Gold's dividend payout ratio is presently 19.44%.

Insider Activity at Alamos Gold

In other news, Senior Officer Mario Luis Chavez - Martinez sold 30,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total transaction of C$559,737.00. 0.29% of the stock is owned by insiders.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.