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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned a consensus rating of “Buy” from the five analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $30.38.

AGI has been the subject of a number of research analyst reports. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada raised their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. Finally, Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $28.12 on Wednesday. The firm has a market capitalization of $11.82 billion, a P/E ratio of 40.75, a P/E/G ratio of 0.40 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $26.04 and its two-hundred day simple moving average is $21.99. Alamos Gold has a twelve month low of $14.64 and a twelve month high of $31.00.

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

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is 14.49%.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGI. Barclays PLC increased its position in shares of Alamos Gold by 46.6% in the third quarter. Barclays PLC now owns 322,402 shares of the basic materials company’s stock valued at $6,428,000 after acquiring an additional 102,525 shares during the period. Geode Capital Management LLC increased its holdings in Alamos Gold by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock valued at $6,224,000 after purchasing an additional 29,933 shares during the period. Virtu Financial LLC bought a new position in Alamos Gold during the 3rd quarter valued at approximately $724,000. Wilmington Savings Fund Society FSB bought a new position in Alamos Gold during the 3rd quarter valued at approximately $413,000. Finally, Tidal Investments LLC lifted its holdings in Alamos Gold by 267.0% in the 3rd quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company’s stock worth $1,371,000 after buying an additional 50,005 shares during the period. 64.33% of the stock is currently owned by institutional investors.

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.