Alamos Gold Inc. (NYSE:AGI) Receives $47.50 Consensus Price Target from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $47.50.

A number of research firms recently commented on AGI. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Royal Bank Of Canada cut their target price on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group reduced their target price on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Bank of America decreased their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th.

Institutional Trading of Alamos Gold

A number of hedge funds have recently bought and sold shares of AGI. Vanguard Group Inc. increased its stake in shares of Alamos Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock valued at $678,291,000 after acquiring an additional 332,335 shares during the last quarter. Generate Investment Management Ltd boosted its position in shares of Alamos Gold by 14.3% in the fourth quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock worth $46,296,000 after acquiring an additional 150,000 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Alamos Gold by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock worth $74,757,000 after acquiring an additional 141,000 shares during the last quarter. PKO Investment Management Joint Stock Co grew its holdings in Alamos Gold by 21.9% in the first quarter. PKO Investment Management Joint Stock Co now owns 197,463 shares of the basic materials company’s stock valued at $8,767,000 after purchasing an additional 35,463 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Alamos Gold in the fourth quarter valued at approximately $72,410,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at $28.26 on Friday. The stock’s 50 day moving average price is $35.27 and its 200 day moving average price is $41.05. The firm has a market cap of $11.83 billion, a P/E ratio of 11.26, a PEG ratio of 0.37 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. Alamos Gold has a 1 year low of $23.92 and a 1 year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company had revenue of $596.70 million during the quarter, compared to the consensus estimate of $612.35 million. During the same quarter last year, the business posted $0.14 earnings per share. Alamos Gold’s revenue was up 79.2% compared to the same quarter last year. On average, sell-side analysts expect that Alamos Gold will post 2.17 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 25th. Investors of record on Thursday, June 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. Alamos Gold’s dividend payout ratio is presently 6.37%.

About Alamos Gold

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.