Fri Sep 20 09:14:51 UTC 2024: ## Alamos Gold Senior Officer Sells Shares, Company Raises Dividend

**Toronto, Canada -** Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) reported that John Michael Fitzgerald, a senior officer, sold 20,456 shares of the company’s stock on Tuesday, September 17th, at an average price of C$27.73. This transaction amounted to a total value of C$567,150.78.

The news comes as Alamos Gold announced a quarterly dividend increase. The company will pay a $0.035 dividend on Thursday, September 26th, to shareholders of record on Thursday, September 12th. This represents a boost from the previous quarterly dividend of $0.03 and translates to an annualized dividend of $0.14, yielding 0.51%.

The company’s stock opened at C$27.51 on Friday, with a market capitalization of C$11.55 billion. Alamos Gold’s financial performance has been positive, with a debt-to-equity ratio of 0.04, a quick ratio of 1.06, and a current ratio of 3.04.

Several brokerages have recently issued reports on Alamos Gold. National Bankshares increased their price objective on the stock from C$28.00 to C$30.00 while maintaining a “hold” rating. National Bank Financial downgraded the stock from a “strong-buy” to a “hold” rating. CIBC, however, boosted their price objective from C$25.00 to C$38.00 and assigned an “outperform” rating. Scotiabank also raised Alamos Gold to a “strong-buy” rating, and BMO Capital Markets increased their price target from C$27.00 to C$31.00 while giving the stock an “outperform” rating.

Overall, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$25.80, according to data from MarketBeat.

Read More