Alamos Gold Inc. (NYSE:AGI) Receives $45.50 Average PT from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus recommendation of “Buy” by the twelve analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.50.

AGI has been the topic of several analyst reports. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Desjardins assumed coverage on shares of Alamos Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. Finally, Scotiabank raised their target price on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors have recently added to or reduced their stakes in AGI. Caitong International Asset Management Co. Ltd bought a new stake in shares of Alamos Gold in the 4th quarter worth $512,000. Groupama Asset Managment boosted its stake in Alamos Gold by 43.4% during the fourth quarter. Groupama Asset Managment now owns 454,387 shares of the basic materials company’s stock valued at $17,530,000 after buying an additional 137,517 shares in the last quarter. Virtu Financial LLC acquired a new position in Alamos Gold during the fourth quarter worth about $370,000. Alpine Woods Capital Investors LLC grew its holdings in Alamos Gold by 285.2% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 26,965 shares of the basic materials company’s stock worth $1,040,000 after acquiring an additional 19,965 shares during the period. Finally, Vident Advisory LLC raised its position in Alamos Gold by 255.3% in the fourth quarter. Vident Advisory LLC now owns 62,619 shares of the basic materials company’s stock worth $2,416,000 after acquiring an additional 44,996 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Up 0.8%

Alamos Gold stock opened at $46.21 on Friday. Alamos Gold has a 52-week low of $23.49 and a 52-week high of $55.41. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $19.40 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 0.61 and a beta of 0.55. The firm has a 50-day moving average price of $44.76 and a two-hundred day moving average price of $38.12.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. Alamos Gold’s revenue was up 53.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. Sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is 7.62%.

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.