Alamos Gold Inc. (AGI) Sets New 1-Year Low at $7.84
Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$7.84 and last traded at C$7.90, with a volume of 540624 shares changing hands. The stock had previously closed at C$7.93.
A number of equities research analysts have issued reports on AGI shares. TD Securities increased their price objective on shares of Alamos Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Friday, August 4th. Raymond James Financial, Inc. cut their price objective on shares of Alamos Gold from C$12.50 to C$12.00 in a report on Monday, October 23rd. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$12.97.
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were issued a $0.01 dividend. This represents a dividend yield of 0.12%. The ex-dividend date was Friday, October 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 66.67%.
In other Alamos Gold news, insider James Porter bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of C$8.91 per share, with a total value of C$89,100.00. Also, Director John Mccluskey purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of C$7.92 per share, with a total value of C$39,600.00. Over the last three months, insiders purchased 25,500 shares of company stock valued at $213,975.
About Alamos Gold
Alamos Gold Inc is a Canada-based company, which is engaged in the acquisition, exploration, development and extraction of precious metals. The Company’s segments include Young-Davidson, Mulatos, El Chanate and Corporate/other. Its Corporate and other segment consists of exploration and development projects.
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