Alamos Gold Inc. (NYSE:AGI) Receives $15.50 Average Price Target from Analysts

Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.50.

A number of research firms recently weighed in on AGI. Canaccord Genuity Group lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday, January 19th. National Bank Financial increased their price target on shares of Alamos Gold from C$17.50 to C$18.00 in a research report on Tuesday, February 14th. TheStreet upgraded shares of Alamos Gold from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. CIBC increased their price target on shares of Alamos Gold from C$17.50 to C$18.50 in a research note on Tuesday, February 7th. Finally, Scotiabank upgraded shares of Alamos Gold from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $10.00 to $11.00 in a research note on Tuesday, November 22nd.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $10.07 on Friday. The firm has a market capitalization of $3.97 billion, a P/E ratio of 100.70, a P/E/G ratio of 1.47 and a beta of 1.05. The company’s 50 day moving average price is $10.64 and its two-hundred day moving average price is $9.16. Alamos Gold has a fifty-two week low of $6.35 and a fifty-two week high of $11.61.

Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last issued its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Alamos Gold had a net margin of 4.52% and a return on equity of 4.03%. The firm had revenue of $231.90 million during the quarter, compared to analysts’ expectations of $232.00 million. During the same period last year, the company earned $0.09 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. On average, analysts expect that Alamos Gold will post 0.41 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, March 15th. Alamos Gold’s dividend payout ratio is currently 100.00%.

Institutional Trading of Alamos Gold

A number of hedge funds have recently added to or reduced their stakes in AGI. Robotti Robert boosted its position in Alamos Gold by 100.0% in the 4th quarter. Robotti Robert now owns 40,000 shares of the basic materials company’s stock worth $404,000 after purchasing an additional 20,000 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Alamos Gold in the 4th quarter worth $278,000. Alliancebernstein L.P. increased its stake in shares of Alamos Gold by 13.6% in the 4th quarter. Alliancebernstein L.P. now owns 52,853 shares of the basic materials company’s stock worth $534,000 after acquiring an additional 6,334 shares during the last quarter. CI Private Wealth LLC acquired a new stake in shares of Alamos Gold during the 4th quarter worth about $139,000. Finally, Susquehanna Fundamental Investments LLC increased its position in shares of Alamos Gold by 36.6% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 178,365 shares of the basic materials company’s stock worth $1,805,000 after purchasing an additional 47,765 shares during the last quarter. 50.22% of the stock is owned by hedge funds and other institutional investors.

About Alamos Gold

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Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.