Insider Buying: Alamos Gold Inc (TSE:AGI) Director Purchases 5,000 Shares of Stock

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Alamos Gold Inc (TSE:AGI) (NYSE:AGI) Director John Mccluskey acquired 5,000 shares of Alamos Gold stock in a transaction dated Monday, September 17th. The shares were bought at an average price of C$5.80 per share, with a total value of C$29,000.00.

TSE:AGI traded down C$0.18 on Friday, reaching C$6.38. The stock had a trading volume of 1,388,100 shares, compared to its average volume of 789,642. Alamos Gold Inc has a 12-month low of C$5.35 and a 12-month high of C$9.03.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings data on Wednesday, August 1st. The company reported C$0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.03 by C($0.01). The company had revenue of C$217.99 million for the quarter. Alamos Gold had a negative return on equity of 0.80% and a negative net margin of 2.91%.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 30th. Investors of record on Monday, October 15th will be given a dividend of $0.013 per share. This represents a yield of 0.17%. The ex-dividend date is Friday, October 12th.

Several equities analysts have issued reports on AGI shares. BMO Capital Markets reissued an “outperform” rating and issued a C$11.50 price objective on shares of Alamos Gold in a research note on Thursday, September 6th. National Bank Financial lowered their price target on shares of Alamos Gold from C$10.00 to C$9.00 in a research note on Saturday, July 14th. Raymond James upped their price target on shares of Alamos Gold from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. Finally, Canaccord Genuity lowered their price target on shares of Alamos Gold from C$14.00 to C$13.00 in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$11.07.

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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Insider Buying and Selling by Quarter for Alamos Gold (TSE:AGI)

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