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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average rating of “Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $45.50.

A number of research analysts recently commented on AGI shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. TD Securities reissued a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Jefferies Financial Group restated a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a research report on Sunday, December 7th. Scotiabank upped their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Finally, Desjardins initiated coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $45.36 on Tuesday. The business has a fifty day moving average price of $40.49 and a two-hundred day moving average price of $34.93. The stock has a market capitalization of $19.05 billion, a PE ratio of 35.44, a P/E/G ratio of 0.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. Alamos Gold has a fifty-two week low of $22.03 and a fifty-two week high of $46.66.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is currently 7.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp acquired a new position in shares of Alamos Gold during the fourth quarter worth $25,000. Clearstead Advisors LLC raised its position in Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Alamos Gold during the 3rd quarter worth about $35,000. Finally, Bayforest Capital Ltd acquired a new position in Alamos Gold during the 4th quarter worth about $44,000. Institutional investors own 64.33% of the company’s stock.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.