Alamos Gold Inc. (NYSE:AGI) Receives $30.38 Average PT from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have earned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $30.38.

Several research firms recently commented on AGI. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Monday, April 14th. StockNews.com cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Finally, Bank of America lowered their price target on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th.

Alamos Gold Stock Up 1.8%

AGI opened at $25.54 on Friday. Alamos Gold has a 12 month low of $15.01 and a 12 month high of $31.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market cap of $10.74 billion, a P/E ratio of 37.02, a P/E/G ratio of 0.40 and a beta of 0.60. The stock’s 50 day moving average price is $26.69 and its 200 day moving average price is $22.53.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s revenue was up 20.0% compared to the same quarter last year. As a group, research analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is presently 16.13%.

Institutional Investors Weigh In On Alamos Gold

Several large investors have recently modified their holdings of AGI. Barclays PLC boosted its stake in shares of Alamos Gold by 46.6% during the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company’s stock worth $6,428,000 after acquiring an additional 102,525 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Alamos Gold by 40.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 395,769 shares of the basic materials company’s stock worth $7,298,000 after acquiring an additional 113,071 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares in the last quarter. Canoe Financial LP bought a new stake in shares of Alamos Gold during the 4th quarter worth $4,066,000. Finally, Addenda Capital Inc. bought a new stake in shares of Alamos Gold during the 4th quarter worth $34,869,000. 64.33% of the stock is owned by institutional investors.

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.