Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Consensus Target Price from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.06.

A number of equities analysts have commented on AGI shares. Jefferies Financial Group lifted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Scotiabank upped their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Royal Bank of Canada lifted their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGI. Vanguard Group Inc. increased its holdings in Alamos Gold by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock valued at $194,224,000 after buying an additional 216,280 shares during the period. Hartline Investment Corp acquired a new position in Alamos Gold during the first quarter valued at approximately $554,000. Private Advisor Group LLC lifted its stake in Alamos Gold by 40.8% during the first quarter. Private Advisor Group LLC now owns 25,020 shares of the basic materials company’s stock worth $369,000 after purchasing an additional 7,253 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Alamos Gold by 54.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 161,001 shares of the basic materials company’s stock valued at $2,375,000 after purchasing an additional 56,745 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its stake in shares of Alamos Gold by 0.9% in the 1st quarter. Easterly Investment Partners LLC now owns 276,237 shares of the basic materials company’s stock valued at $4,074,000 after purchasing an additional 2,585 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of AGI stock opened at $20.11 on Wednesday. The company has a fifty day moving average price of $19.92 and a two-hundred day moving average price of $17.70. Alamos Gold has a one year low of $11.24 and a one year high of $21.45. The stock has a market cap of $8.45 billion, a P/E ratio of 40.22, a P/E/G ratio of 0.92 and a beta of 1.18.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. Alamos Gold’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. As a group, equities research analysts anticipate that Alamos Gold will post 0.78 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.50%. Alamos Gold’s dividend payout ratio is presently 20.00%.

Alamos Gold Company Profile

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.