Alamos Gold Inc. (NYSE:AGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.15.

Several equities research analysts have recently weighed in on AGI shares. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group lifted their price objective on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, April 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGI. Anchor Investment Management LLC bought a new stake in shares of Alamos Gold during the fourth quarter worth $27,000. AJOVista LLC acquired a new stake in Alamos Gold in the fourth quarter worth about $83,000. Fifth Third Bancorp bought a new stake in Alamos Gold during the 4th quarter worth about $96,000. Venturi Wealth Management LLC lifted its position in Alamos Gold by 20.7% during the 1st quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 1,200 shares during the period. Finally, St. Johns Investment Management Company LLC bought a new position in shares of Alamos Gold in the 1st quarter valued at about $115,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.3 %

AGI stock opened at $15.31 on Wednesday. Alamos Gold has a 1-year low of $10.78 and a 1-year high of $16.01. The business’s 50 day moving average is $14.27 and its 200-day moving average is $13.40. The firm has a market cap of $6.09 billion, a P/E ratio of 29.44, a P/E/G ratio of 3.65 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The business had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Alamos Gold’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that Alamos Gold will post 0.67 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 19.23%.

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.