Alamos Gold (AGI) Hits New 1-Year High at $7.14

Shares of Alamos Gold (TSE:AGI) (NYSE:AGI) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$7.14 and last traded at C$7.11, with a volume of 238069 shares. The stock had previously closed at C$7.10.

A number of analysts have issued reports on AGI shares. Canaccord Genuity lifted their price target on Alamos Gold from C$13.00 to C$13.50 in a report on Friday, January 19th. Laurentian set a C$9.50 price target on Alamos Gold and gave the stock a “buy” rating in a report on Monday, February 5th. National Bank Financial decreased their price target on Alamos Gold from C$12.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Finally, Scotiabank decreased their price target on Alamos Gold to C$11.50 and set a “sector perform” rating for the company in a report on Monday, December 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alamos Gold has an average rating of “Buy” and an average target price of C$11.81.

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Alamos Gold (TSE:AGI) (NYSE:AGI) last posted its earnings results on Thursday, February 22nd. The company reported C$0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.06. Alamos Gold had a negative return on equity of 0.80% and a negative net margin of 2.91%. The business had revenue of C$205.37 million for the quarter.

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a dividend of $0.013 per share. The ex-dividend date is Friday, April 13th. This represents a dividend yield of 0.15%. This is a boost from Alamos Gold’s previous Semi-Annual dividend of $0.01.

In related news, insider James Porter purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of C$6.85 per share, for a total transaction of C$68,500.00. Also, Director John Mccluskey purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average price of C$6.25 per share, for a total transaction of C$31,250.00. Insiders have bought 63,000 shares of company stock worth $418,175 in the last quarter.

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Alamos Gold Company Profile

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.

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