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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned an average recommendation of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.00.

AGI has been the topic of a number of research analyst reports. National Bankshares restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Bank of America upped their target price on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Finally, TD Securities reissued a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd.

Alamos Gold Trading Down 0.2%

Shares of AGI opened at $33.38 on Friday. The stock has a market capitalization of $14.04 billion, a P/E ratio of 26.08, a PEG ratio of 0.50 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $32.96 and a two-hundred day simple moving average of $28.87. Alamos Gold has a twelve month low of $17.42 and a twelve month high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, research analysts anticipate that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s dividend payout ratio is presently 7.81%.

Institutional Trading of Alamos Gold

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC increased its position in Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after buying an additional 300 shares in the last quarter. Pinnacle Wealth Management Group Inc. grew its stake in shares of Alamos Gold by 0.5% in the third quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock worth $2,514,000 after acquiring an additional 390 shares during the last quarter. Williamson Legacy Group LLC grew its stake in shares of Alamos Gold by 0.7% in the second quarter. Williamson Legacy Group LLC now owns 57,228 shares of the basic materials company’s stock worth $1,520,000 after acquiring an additional 400 shares during the last quarter. StoneX Group Inc. increased its holdings in shares of Alamos Gold by 1.8% during the second quarter. StoneX Group Inc. now owns 26,083 shares of the basic materials company’s stock valued at $693,000 after acquiring an additional 455 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Alamos Gold by 0.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 197,376 shares of the basic materials company’s stock worth $6,881,000 after purchasing an additional 543 shares during the last quarter. 64.33% of the stock is 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.