Alamos Gold Inc. (NYSE:AGI) Receives Average Rating of “Buy” from Brokerages

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has received an average recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.06.

Several equities analysts recently weighed in on AGI shares. Royal Bank of Canada increased their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Blue Trust Inc. boosted its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the period. Hara Capital LLC purchased a new stake in shares of Alamos Gold in the third quarter worth about $47,000. R Squared Ltd purchased a new stake in shares of Alamos Gold in the fourth quarter worth about $61,000. Finally, Cutler Capital Management LLC purchased a new stake in shares of Alamos Gold in the fourth quarter worth about $108,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE AGI opened at $23.06 on Tuesday. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 0.40 and a beta of 1.16. The company has a fifty day moving average price of $20.77 and a 200-day moving average price of $19.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold has a 1 year low of $12.40 and a 1 year high of $24.27.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, equities research analysts predict that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. Alamos Gold’s dividend payout ratio is presently 14.49%.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.