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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus rating of “Buy” by the thirteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.00.

AGI has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a research note on Monday. Finally, Desjardins began coverage on Alamos Gold in a report on Friday, November 28th. They issued a “buy” rating for the company.

Alamos Gold Stock Performance

NYSE:AGI opened at $35.81 on Thursday. The stock has a market cap of $15.06 billion, a P/E ratio of 27.97, a PEG ratio of 0.52 and a beta of 0.63. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $33.56 and its two-hundred day moving average price is $29.71. Alamos Gold has a twelve month low of $17.80 and a twelve month high of $38.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company 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 12.36%. Alamos Gold’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. As a group, equities analysts predict that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Institutional Investors Weigh In On Alamos Gold

Hedge funds have recently made changes to their positions in the business. Addenda Capital Inc. increased its holdings in shares of Alamos Gold by 12.3% in the second quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company’s stock worth $51,657,000 after buying an additional 212,918 shares during the period. Calamos Wealth Management LLC bought a new position in Alamos Gold during the 2nd quarter worth approximately $3,070,000. Y Intercept Hong Kong Ltd purchased a new position in Alamos Gold in the 2nd quarter worth approximately $1,502,000. PCJ Investment Counsel Ltd. increased its stake in Alamos Gold by 37.9% in the 2nd quarter. PCJ Investment Counsel Ltd. now owns 85,740 shares of the basic materials company’s stock worth $2,282,000 after purchasing an additional 23,560 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Alamos Gold by 20.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock valued at $390,000 after purchasing an additional 2,493 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

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.