Insider Buying: Alamos Gold Inc. (AGI) Director Acquires C$40,750.00 in Stock
Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Director Paul Murphy acquired 5,000 shares of Alamos Gold stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of C$8.15 per share, with a total value of C$40,750.00.
Alamos Gold Inc. (TSE AGI) traded up C$0.01 during mid-day trading on Thursday, hitting C$8.04. The stock had a trading volume of 37,508 shares, compared to its average volume of 715,278. Alamos Gold Inc. has a 52 week low of C$7.86 and a 52 week high of C$11.83.
The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, October 13th. This represents a yield of 0.12%.
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A number of equities research analysts have commented on the company. Raymond James Financial, Inc. reduced their price objective on Alamos Gold from C$12.50 to C$12.00 in a research note on Monday, October 23rd. TD Securities raised their target price on Alamos Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$12.97.
About Alamos Gold
Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.
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