Alamos Gold (NYSE:AGI) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada increased their target price on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Stifel Nicolaus initiated coverage on Alamos Gold in a research note on Wednesday. They set a “buy” rating for the company. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Bank of America reduced their target price on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and an average target price of $30.38.

Alamos Gold Stock Down 1.3%

Shares of NYSE:AGI opened at $26.10 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold has a 52-week low of $15.74 and a 52-week high of $31.00. The company has a 50 day moving average of $26.30 and a two-hundred day moving average of $24.47. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 0.53 and a beta of 0.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released 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). The business had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. As a group, analysts forecast that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.13%.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in Alamos Gold in the first quarter valued at $31,000. Sunbelt Securities Inc. bought a new stake in Alamos Gold in the first quarter valued at $41,000. SBI Securities Co. Ltd. increased its holdings in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 660 shares during the period. SVB Wealth LLC acquired a new position in shares of Alamos Gold during the first quarter valued at $67,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Alamos Gold during the first quarter valued at $68,000. 64.33% of the stock is currently 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.