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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received a consensus rating of “Buy” from the thirteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $43.00.

A number of research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $49.00 target price on shares of Alamos Gold in a research report on Sunday, December 7th. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Finally, Bank of America increased their price objective on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after acquiring an additional 1,227,695 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Alamos Gold by 129.2% in 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 purchasing an additional 571,536 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Alamos Gold by 20.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock worth $390,000 after purchasing an additional 2,493 shares during the period. Finally, Cigna Investments Inc. New acquired a new stake in Alamos Gold during the second quarter worth $201,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Up 5.0%

Shares of Alamos Gold stock opened at $42.15 on Friday. Alamos Gold has a 12-month low of $19.68 and a 12-month high of $43.87. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $38.12 and a two-hundred day moving average price of $32.90. The stock has a market capitalization of $17.70 billion, a P/E ratio of 32.93, a PEG ratio of 0.37 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. Alamos Gold’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. Equities analysts expect 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, December 18th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s payout ratio is presently 7.81%.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.