Insider Selling: Alamos Gold Inc (TSE:AGI) Senior Officer Sells 35,322 Shares of Stock

Alamos Gold Inc (TSE:AGI) (NYSE:AGI) Senior Officer Christopher John Bostwick sold 35,322 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of C$9.85, for a total value of C$347,921.70. Following the sale, the insider now owns 67,069 shares of the company’s stock, valued at approximately C$660,629.65.

Alamos Gold stock traded up C$0.24 during midday trading on Tuesday, hitting C$9.61. 1,414,190 shares of the company were exchanged, compared to its average volume of 918,897. The stock has a fifty day simple moving average of C$8.31. The company has a market cap of $3.65 billion and a P/E ratio of -63.84. The company has a current ratio of 3.26, a quick ratio of 2.05 and a debt-to-equity ratio of 0.10. Alamos Gold Inc has a fifty-two week low of C$3.88 and a fifty-two week high of C$10.03.

A number of analysts have recently issued reports on AGI shares. National Bank Financial boosted their target price on Alamos Gold from C$9.00 to C$9.25 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. BMO Capital Markets boosted their target price on Alamos Gold from C$11.00 to C$12.00 in a report on Friday. Raymond James reiterated a “market perform” rating and set a C$10.00 target price on shares of Alamos Gold in a report on Thursday, August 1st. Canaccord Genuity boosted their target price on Alamos Gold from C$9.50 to C$11.00 in a report on Friday, July 19th. Finally, CIBC boosted their price target on Alamos Gold from C$9.00 to C$10.50 in a research report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$10.04.

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's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.

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