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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have earned a consensus rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $45.50.

A number of equities analysts have commented on AGI shares. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd.

Alamos Gold Trading Up 7.5%

Alamos Gold stock opened at $45.36 on Tuesday. Alamos Gold has a 52 week low of $22.03 and a 52 week high of $46.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.72. The stock has a market capitalization of $19.05 billion, a P/E ratio of 35.44, a PEG ratio of 0.43 and a beta of 0.61. The stock has a 50-day simple moving average of $40.49 and a 200 day simple moving average of $34.93.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in shares of Alamos Gold in the fourth quarter valued at about $25,000. Clearstead Advisors LLC grew its position in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Alamos Gold during the third quarter worth approximately $35,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $44,000. Institutional investors own 64.33% of the company’s stock.

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.