Alamos Gold Inc. (NYSE:AGI) Given Consensus Rating of “Buy” by Brokerages

Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $11.70.

Several brokerages have recently issued reports on AGI. Citigroup cut shares of Alamos Gold from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$12.00 to C$10.00 in a research note on Tuesday, January 18th. They noted that the move was a valuation call. CIBC cut their price objective on Alamos Gold from C$14.50 to C$13.00 in a report on Wednesday, January 19th. Zacks Investment Research lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets decreased their target price on Alamos Gold from C$14.00 to C$11.00 in a research report on Tuesday, January 18th. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Friday, April 29th.

AGI stock traded up $0.08 on Friday, hitting $7.07. 6,140,428 shares of the company were exchanged, compared to its average volume of 3,248,739. Alamos Gold has a twelve month low of $6.51 and a twelve month high of $9.38. The business’s fifty day moving average is $8.22 and its two-hundred day moving average is $7.72. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -22.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 23rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Alamos Gold had a negative net margin of 16.19% and a positive return on equity of 4.85%. The firm had revenue of $203.10 million for the quarter, compared to analysts’ expectations of $202.05 million. Sell-side analysts predict that Alamos Gold will post 0.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.41%. Alamos Gold’s payout ratio is -31.25%.

Hedge funds have recently modified their holdings of the company. CWM LLC bought a new position in Alamos Gold in the 1st quarter valued at about $26,000. Eagle Bay Advisors LLC raised its holdings in Alamos Gold by 104.2% in the 4th quarter. Eagle Bay Advisors LLC now owns 4,343 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 2,216 shares during the period. SeaBridge Investment Advisors LLC bought a new position in Alamos Gold in the 4th quarter valued at about $77,000. Peapack Gladstone Financial Corp bought a new position in Alamos Gold in the 4th quarter valued at about $81,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock valued at $83,000 after acquiring an additional 3,665 shares during the period. 62.33% of the stock is currently owned by institutional investors.

Alamos Gold Company Profile (Get Rating)

Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.

Further Reading

Analyst Recommendations for Alamos Gold (NYSE:AGI)

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