Alamos Gold (NYSE:AGI) PT Raised to $18.00 at Jefferies Financial Group

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective upped by Jefferies Financial Group from $14.00 to $18.00 in a research report released on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the basic materials company’s stock.

Several other research firms have also recently issued reports on AGI. StockNews.com upgraded Alamos Gold from a hold rating to a buy rating in a report on Sunday, April 14th. National Bank Financial reiterated an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. Royal Bank of Canada upgraded Alamos Gold from a sector perform rating to an outperform rating and lifted their price objective for the stock from $12.00 to $16.00 in a report on Thursday, January 11th. Finally, Bank of America upgraded Alamos Gold from a neutral rating to a buy rating and boosted their target price for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $17.75.

Alamos Gold Stock Performance

NYSE AGI opened at $14.76 on Monday. Alamos Gold has a fifty-two week low of $10.78 and a fifty-two week high of $16.01. The stock has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $13.17. The firm has a market capitalization of $5.87 billion, a P/E ratio of 27.84, a PEG ratio of 3.89 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same quarter in the previous year, the business earned $0.09 EPS. Alamos Gold’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Alamos Gold will post 0.64 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s payout ratio is presently 18.87%.

Institutional Trading of Alamos Gold

Institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $27,000. AJOVista LLC purchased a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $83,000. Fifth Third Bancorp purchased a new stake in shares of Alamos Gold during the 4th quarter valued at approximately $96,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Alamos Gold during the 1st quarter valued at approximately $115,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Alamos Gold by 14.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the basic materials company’s stock valued at $140,000 after buying an additional 1,596 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

About Alamos Gold

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.