Alamos Gold (NYSE:AGI) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) from a sell rating to a hold rating in a report released on Saturday morning.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group upped their target price on Alamos Gold from C$12.00 to C$13.00 in a research report on Thursday, June 30th. Stifel Nicolaus dropped their target price on Alamos Gold from C$18.25 to C$16.00 in a research report on Wednesday, July 20th. TD Securities upped their target price on Alamos Gold from C$16.00 to C$16.50 in a research report on Thursday, June 30th. Finally, National Bank Financial dropped their target price on Alamos Gold from C$13.00 to C$12.50 in a research report on Thursday, July 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $12.75.

Alamos Gold Stock Up 1.1 %

AGI opened at $7.98 on Friday. Alamos Gold has a 52-week low of $6.51 and a 52-week high of $9.22. The company has a market cap of $3.13 billion, a P/E ratio of 57.00, a price-to-earnings-growth ratio of 2.81 and a beta of 1.07. The firm’s 50-day moving average price is $7.42 and its 200-day moving average price is $7.65.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $191.20 million for the quarter, compared to the consensus estimate of $195.11 million. Alamos Gold had a net margin of 6.76% and a return on equity of 4.51%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, research analysts anticipate that Alamos Gold will post 0.37 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th were given a $0.025 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $0.10 annualized dividend and a yield of 1.25%. Alamos Gold’s dividend payout ratio is presently 71.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. lifted its position in shares of Alamos Gold by 5.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,432 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Alamos Gold by 1.4% during the 1st quarter. Moors & Cabot Inc. now owns 106,589 shares of the basic materials company’s stock valued at $897,000 after buying an additional 1,500 shares in the last quarter. FDx Advisors Inc. lifted its position in shares of Alamos Gold by 8.6% during the 4th quarter. FDx Advisors Inc. now owns 22,848 shares of the basic materials company’s stock valued at $176,000 after buying an additional 1,803 shares in the last quarter. Pinnacle Wealth Management Group Inc. lifted its position in shares of Alamos Gold by 2.5% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 81,190 shares of the basic materials company’s stock valued at $624,000 after buying an additional 2,000 shares in the last quarter. Finally, Lee Danner & Bass Inc. lifted its position in shares of Alamos Gold by 11.1% during the 2nd quarter. Lee Danner & Bass Inc. now owns 20,000 shares of the basic materials company’s stock valued at $140,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 62.33% of the company’s stock.

About Alamos Gold

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Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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