Recent Analysts’ Ratings Changes for Alamos Gold (AGI)

A number of firms have modified their ratings and price targets on shares of Alamos Gold (NYSE: AGI) recently:

• 4/14/2024 – Alamos Gold was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/9/2024 – Alamos Gold was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $27.25 price target on the stock, up previously from $21.75.
• 4/8/2024 – Alamos Gold had its “outperform overweight” rating reaffirmed by analysts at National Bank Financial.
• 4/6/2024 – Alamos Gold was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/28/2024 – Alamos Gold was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/6/2024 – Alamos Gold was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/29/2024 – Alamos Gold is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $14.00 price target on the stock.
• 2/27/2024 – Alamos Gold was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/19/2024 – Alamos Gold was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Alamos Gold Stock Down 1.0 %

NYSE AGI opened at $15.21 on Monday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.75 and a beta of 1.15. The business has a 50-day moving average price of $13.18 and a 200-day moving average price of $13.01. Alamos Gold Inc. has a twelve month low of $10.78 and a twelve month high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Research analysts expect that Alamos Gold Inc. will post 0.66 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.025 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.66%. Alamos Gold’s dividend payout ratio is currently 18.87%.

Institutional Investors Weigh In On Alamos Gold

Hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Management Group Inc. raised its position in Alamos Gold by 1.4% during the third quarter. Pinnacle Wealth Management Group Inc. now owns 71,075 shares of the basic materials company’s stock valued at $802,000 after purchasing an additional 1,000 shares during the period. Cheviot Value Management LLC raised its position in Alamos Gold by 2.0% during the fourth quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after purchasing an additional 1,000 shares during the period. First Trust Advisors LP raised its position in Alamos Gold by 8.9% during the first quarter. First Trust Advisors LP now owns 12,280 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 1,005 shares during the period. AE Wealth Management LLC raised its position in Alamos Gold by 2.8% during the third quarter. AE Wealth Management LLC now owns 38,692 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 1,049 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Alamos Gold by 3.9% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,830 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 1,109 shares during the period. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.