Alamos Gold (AGI) Reaches New 52-Week Low at $6.41

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) hit a new 52-week low during trading on Wednesday . The company traded as low as C$6.41 and last traded at C$6.41, with a volume of 274608 shares trading hands. The stock had previously closed at C$6.53.

A number of brokerages have commented on AGI. National Bank Financial decreased their price target on shares of Alamos Gold from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Canaccord Genuity boosted their price target on shares of Alamos Gold from C$13.00 to C$13.50 in a research note on Friday, January 19th. Raymond James decreased their price target on shares of Alamos Gold from C$11.50 to C$10.50 and set an “outperform” rating for the company in a research note on Thursday, May 3rd. Finally, Laurentian set a C$9.50 target price on shares of Alamos Gold and gave the stock a “buy” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$11.69.

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

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

In related news, Director John Mccluskey purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were bought at an average cost of C$6.25 per share, with a total value of C$31,250.00. Also, Director Claire Marie Catherin Kennedy purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average cost of C$6.84 per share, for a total transaction of C$27,360.00. In the last quarter, insiders bought 63,000 shares of company stock valued at $418,175.

About Alamos Gold

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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