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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus recommendation of “Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. One equities research 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $50.6667.

Several equities analysts recently weighed in on AGI shares. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Saturday. Finally, Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth High Governance Capital Ltda bought a new position in shares of Alamos Gold in the first quarter valued at $6,241,000. Wealth High Governance Asset Management Ltda. bought a new position in shares of Alamos Gold in the first quarter valued at $5,291,000. PVG Asset Management Corp grew its stake in shares of Alamos Gold by 746.8% in the first quarter. PVG Asset Management Corp now owns 45,244 shares of the basic materials company’s stock valued at $2,010,000 after buying an additional 39,901 shares in the last quarter. Parallel Advisors LLC bought a new position in Alamos Gold during the first quarter worth $35,000. Finally, Groupama Asset Managment boosted its position in Alamos Gold by 9.9% during the first quarter. Groupama Asset Managment now owns 499,286 shares of the basic materials company’s stock worth $22,183,000 after purchasing an additional 44,899 shares during the period. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

Shares of AGI opened at $36.25 on Monday. The stock has a market capitalization of $15.20 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.47 and a beta of 0.49. Alamos Gold has a twelve month low of $23.92 and a twelve month high of $55.41. The company has a 50 day moving average of $41.16 and a 200-day moving average of $42.15. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

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

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

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.