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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.00.

A number of equities research analysts recently issued reports on AGI shares. TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday. Finally, Bank of America increased their target price on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th.

Alamos Gold Trading Down 1.0%

NYSE:AGI opened at $35.81 on Thursday. Alamos Gold has a 12 month low of $17.80 and a 12 month high of $38.00. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $33.56 and its 200 day moving average is $29.71. The stock has a market capitalization of $15.06 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 0.52 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The business had revenue of $462.30 million during the quarter, compared to the consensus estimate of $490.96 million. During the same period last year, the business posted $0.19 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. Sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio is 7.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGI. Natixis Advisors LLC lifted its holdings in shares of Alamos Gold by 66.7% in the first quarter. Natixis Advisors LLC now owns 38,287 shares of the basic materials company’s stock worth $1,024,000 after buying an additional 15,321 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in Alamos Gold by 14.9% during the 1st quarter. Legacy Capital Group California Inc. now owns 20,146 shares of the basic materials company’s stock worth $539,000 after acquiring an additional 2,608 shares during the period. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company’s stock worth $433,133,000 after purchasing an additional 214,933 shares in the last quarter. Deutsche Bank AG lifted its stake in Alamos Gold by 16.3% in the 1st quarter. Deutsche Bank AG now owns 199,907 shares of the basic materials company’s stock worth $5,346,000 after purchasing an additional 27,964 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Alamos Gold by 19.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock valued at $156,780,000 after purchasing an additional 957,359 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.