Alamos Gold Inc. (TSE:AGI) Director Sells C$696,000.00 in Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Director John Mccluskey sold 30,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$23.20, for a total transaction of C$696,000.00.

John Mccluskey also recently made the following trade(s):

• On Tuesday, May 7th, John Mccluskey sold 20,000 shares of Alamos Gold stock. The stock was sold at an average price of C$21.00, for a total transaction of C$420,000.00.
• On Monday, April 29th, John Mccluskey sold 100,000 shares of Alamos Gold stock. The stock was sold at an average price of C$20.82, for a total transaction of C$2,082,000.00.

Alamos Gold Stock Performance

Shares of AGI opened at C$22.72 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of C$9.04 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of -2.10 and a beta of 1.05. The firm’s fifty day simple moving average is C$20.53 and its two-hundred day simple moving average is C$18.54. Alamos Gold Inc. has a 12 month low of C$14.80 and a 12 month high of C$23.60.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.18 EPS for the quarter, meeting analysts’ consensus estimates of C$0.18. The business had revenue of C$374.24 million for the quarter. Alamos Gold had a net margin of 19.41% and a return on equity of 7.12%. As a group, analysts predict that Alamos Gold Inc. will post 0.8568 EPS for the current year.

Alamos Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.034 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.60%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.72%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. National Bankshares reduced their price objective on shares of Alamos Gold from C$27.00 to C$26.50 and set an “outperform” rating on the stock in a research note on Friday, April 26th. National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Canaccord Genuity Group boosted their price objective on shares of Alamos Gold from C$23.00 to C$25.00 in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on shares of Alamos Gold from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$22.55.

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.