Scott Russell Gordon Parsons Sells 13,334 Shares of Alamos Gold Inc. (TSE:AGI) Stock

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) Senior Officer Scott Russell Gordon Parsons sold 13,334 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$21.48, for a total value of C$286,414.32.

Alamos Gold Trading Down 0.7 %

Shares of AGI opened at C$21.46 on Friday. Alamos Gold Inc. has a 1 year low of C$14.80 and a 1 year high of C$23.60. 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 50 day simple moving average of C$21.75 and a 200-day simple moving average of C$19.18. The stock has a market cap of C$8.54 billion, a PE ratio of 30.23, a PEG ratio of -2.10 and a beta of 1.05.

Alamos Gold (TSE:AGI) (NYSE:AGI) last issued its earnings results on Wednesday, April 24th. The company reported C$0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.18. Alamos Gold had a return on equity of 7.12% and a net margin of 19.41%. The business had revenue of C$374.24 million during the quarter. On average, sell-side analysts predict that Alamos Gold Inc. will post 0.9497925 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a dividend of $0.034 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.14 dividend on an annualized basis and a yield of 0.63%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.72%.

Analysts Set New Price Targets

AGI has been the subject of several recent analyst reports. Haywood Securities increased their target price on Alamos Gold from C$20.00 to C$22.50 in a research note on Monday, April 1st. TD Securities increased their target price on Alamos Gold from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Canaccord Genuity Group upped their price target on Alamos Gold from C$23.00 to C$25.00 in a report on Tuesday, April 23rd. Finally, Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the company from C$21.75 to C$27.75 in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of “Moderate Buy” and an average price target 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.