Alamos Gold (TSE:AGI) PT Lowered to C$27.00 at National Bankshares

Alamos Gold (TSE:AGI - Free Report) NYSE: AGI had its price target decreased by National Bankshares from C$27.50 to C$27.00 in a research report report published on Friday morning, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. National Bank Financial restated an outperform overweight rating on shares of Alamos Gold in a research note on Monday, April 8th. Desjardins decreased their target price on Alamos Gold from C$19.50 to C$18.75 and set a hold rating for the company in a research report on Friday, January 12th. Royal Bank of Canada raised Alamos Gold from a sector perform rating to an outperform rating and upped their price target for the company from C$12.00 to C$16.00 in a research report on Thursday, January 11th. Jefferies Financial Group set a C$14.00 price objective on shares of Alamos Gold and gave the stock a buy rating in a report on Thursday, February 29th. Finally, TD Securities increased their target price on shares of Alamos Gold from C$23.00 to C$24.00 and gave the stock a buy rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Alamos Gold has a consensus rating of Moderate Buy and an average target price of C$22.10.

Alamos Gold Stock Up 1.5 %

TSE AGI traded up C$0.31 during mid-day trading on Friday, reaching C$21.06. 642,072 shares of the company's stock traded hands, compared to its average volume of 627,823. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. Alamos Gold has a 1-year low of C$14.80 and a 1-year high of C$22.00. The company has a fifty day simple moving average of C$18.26 and a 200-day simple moving average of C$17.78. The company has a market cap of C$8.36 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of -2.10 and a beta of 0.97.

Alamos Gold (TSE:AGI - Get Free Report) NYSE: AGI last released its earnings results on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, meeting the consensus estimate of C$0.16. The company had revenue of C$346.65 million during the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. As a group, equities research analysts expect that Alamos Gold will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.034 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 19.44%.

Insider Buying and Selling

In other news, Senior Officer Mario Luis Chavez - Martinez sold 30,000 shares of Alamos Gold stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total transaction of C$559,737.00. Corporate insiders own 0.29% of the company's stock.

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.