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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned an average rating of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $50.6667.

A number of research analysts have recently commented on the company. Scotiabank raised their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st.

Alamos Gold Price Performance

Shares of AGI stock opened at $38.48 on Thursday. The firm has a market cap of $16.16 billion, a P/E ratio of 15.33, a P/E/G ratio of 0.52 and a beta of 0.50. Alamos Gold has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The business’s 50 day moving average price is $43.25 and its 200-day moving average price is $41.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. On average, equities research analysts anticipate that Alamos Gold will post 2.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in shares of Alamos Gold in the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC lifted its stake in shares of Alamos Gold by 62.8% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the period. Parallel Advisors LLC purchased a new position in shares of Alamos Gold in the 1st quarter valued at approximately $35,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Alamos Gold in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Company Profile

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.