Alamos Gold (AGI) to Release Earnings on Wednesday

Alamos Gold (TSE:AGI) (NYSE:AGI) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Alamos Gold to post earnings of C$0.30 per share for the quarter.

Alamos Gold Stock Down 0.5 %

AGI opened at C$27.96 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 3.04. The company has a market capitalization of C$11.74 billion, a PE ratio of 41.12, a P/E/G ratio of -2.10 and a beta of 1.10. The stock’s fifty day moving average is C$27.09 and its 200-day moving average is C$23.99. Alamos Gold has a one year low of C$15.27 and a one year high of C$29.66.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.035 dividend. The ex-dividend date was Thursday, September 12th. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a yield of 0.50%. Alamos Gold’s payout ratio is 20.59%.

Insider Activity

In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now owns 374 shares of the company’s stock, valued at C$10,718.84. This trade represents a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer Nicole Marie Lichowit sold 1,590 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$28.66, for a total value of C$45,569.40. Following the completion of the sale, the insider now directly owns 374 shares of the company’s stock, valued at C$10,718.84. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$26.68, for a total transaction of C$440,220.00. Insiders sold 69,166 shares of company stock worth $1,819,560 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. TD Securities lifted their price objective on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. CIBC lifted their price target on shares of Alamos Gold from C$25.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets increased their price objective on Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, National Bankshares upped their target price on Alamos Gold from C$28.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.80.

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.