Alamos Gold (TSE:AGI) Price Target Raised to C$65.00

Alamos Gold (TSE:AGI) (NYSE:AGI) had its price target increased by Stifel Nicolaus from C$48.00 to C$65.00 in a report published on Monday,BayStreet.CA reports.

Several other research analysts have also issued reports on the company. CIBC raised their target price on Alamos Gold from C$55.00 to C$74.00 in a research report on Friday, October 10th. National Bankshares raised their target price on Alamos Gold from C$56.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Stifel Canada raised Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. TD Securities lowered their price objective on Alamos Gold from C$48.00 to C$47.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, Bank of America lifted their price objective on Alamos Gold from C$55.00 to C$60.00 in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$57.86.

Alamos Gold Stock Up 0.2%

Shares of AGI opened at C$44.53 on Monday. Alamos Gold has a 52 week low of C$24.47 and a 52 week high of C$52.73. The stock has a market capitalization of C$18.72 billion, a price-to-earnings ratio of 54.30, a PEG ratio of -2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The stock has a fifty day moving average of C$44.41 and a 200-day moving average of C$39.27.

Alamos Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 11th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Alamos Gold’s dividend payout ratio (DPR) is currently 12.20%.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.