Alamos Gold Inc. (NYSE:AGI) Receives $47.50 Consensus PT from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $47.50.

A number of research firms have commented on AGI. Jefferies Financial Group decreased their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Finally, Weiss Ratings cut shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd.

Alamos Gold Stock Performance

Shares of AGI opened at $29.51 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The firm has a market cap of $12.35 billion, a PE ratio of 11.76, a P/E/G ratio of 0.36 and a beta of 0.55. Alamos Gold has a 12 month low of $23.92 and a 12 month high of $55.41. The stock has a fifty day moving average price of $34.66 and a 200-day moving average price of $40.91.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its 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 return on equity of 18.03% and a net margin of 51.24%.The firm had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue for the quarter was up 79.2% on a year-over-year basis. Equities research analysts predict that Alamos Gold will post 2.19 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 222 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Alamos Gold by 2.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after acquiring an additional 229 shares during the period. Clearstead Advisors LLC increased its stake in shares of Alamos Gold by 62.7% 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 in the last quarter. Sheets Smith Wealth Management increased its stake in shares of Alamos Gold by 1.3% in the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after purchasing an additional 258 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Alamos Gold by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after purchasing an additional 300 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

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.