Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$14.66.
AGI has been the subject of a number of research analyst reports. Credit Suisse Group reissued a “neutral” rating and issued a C$9.75 price target on shares of Alamos Gold in a research report on Thursday, February 25th. CSFB set a C$9.75 price objective on Alamos Gold and gave the stock a “neutral” rating in a report on Thursday, February 25th. CIBC decreased their target price on shares of Alamos Gold from C$19.25 to C$16.00 in a research report on Monday, February 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a C$14.00 target price on shares of Alamos Gold in a research report on Wednesday, February 10th.
TSE:AGI traded up C$0.18 during mid-day trading on Thursday, reaching C$10.40. 709,700 shares of the stock were exchanged, compared to its average volume of 801,906. The firm has a market capitalization of C$4.08 billion and a PE ratio of 27.77. The business has a fifty day moving average price of C$9.83 and a 200 day moving average price of C$10.92. The company has a current ratio of 3.22, a quick ratio of 2.04 and a debt-to-equity ratio of 0.10. Alamos Gold has a 1-year low of C$8.36 and a 1-year high of C$15.52.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were given a dividend of $0.032 per share. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, March 16th. This represents a $0.13 dividend on an annualized basis and a yield of 1.23%. Alamos Gold’s payout ratio is currently 17.66%.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold in North America, Canada, and Mexico. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Northern Ontario, Canada.
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