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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned an average rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $26.06.

AGI has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st.

Alamos Gold Price Performance

NYSE AGI opened at $26.57 on Friday. Alamos Gold has a 1 year low of $14.31 and a 1 year high of $27.25. The business’s fifty day moving average is $23.13 and its two-hundred day moving average is $20.72. The stock has a market capitalization of $11.17 billion, a P/E ratio of 38.50, a P/E/G ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors have recently modified their holdings of the stock. Old West Investment Management LLC raised its holdings in shares of Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after acquiring an additional 48,128 shares in the last quarter. CIBC Asset Management Inc increased its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. Canoe Financial LP acquired a new position in Alamos Gold in the 4th quarter worth about $4,066,000. National Bank of Canada FI raised its stake in shares of Alamos Gold by 18.4% during the 3rd quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock worth $30,492,000 after purchasing an additional 237,278 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 29,933 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Company Profile

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.