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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned an average recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $30.38.

AGI has been the subject of a number of research analyst reports. Bank of America decreased their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a report on Tuesday, April 8th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, April 4th.

Alamos Gold Stock Up 0.2%

AGI opened at $27.04 on Monday. Alamos Gold has a fifty-two week low of $15.74 and a fifty-two week high of $31.00. The company’s 50-day moving average is $26.39 and its 200 day moving average is $24.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The firm has a market capitalization of $11.36 billion, a P/E ratio of 43.60, a PEG ratio of 0.53 and a beta of 0.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. During the same quarter last year, the business posted $0.13 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. Research analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. Alamos Gold’s payout ratio is 16.13%.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently modified their holdings of the business. Confluence Investment Management LLC purchased a new position in shares of Alamos Gold in the second quarter worth about $717,000. Harbor Investment Advisory LLC grew its stake in Alamos Gold by 2.3% during the second quarter. Harbor Investment Advisory LLC now owns 64,698 shares of the basic materials company’s stock valued at $1,718,000 after acquiring an additional 1,471 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alamos Gold by 129.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after acquiring an additional 571,536 shares in the last quarter. Empowered Funds LLC purchased a new position in Alamos Gold during the first quarter valued at approximately $200,000. Finally, Sciencast Management LP purchased a new position in Alamos Gold during the first quarter valued at approximately $1,705,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.