Alamos Gold Inc. (NYSE:AGI) Receives Average Recommendation of “Moderate Buy” from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.95.

Several analysts recently weighed in on AGI shares. Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $12.00 to $16.00 in a report on Thursday, January 11th. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.75 to $27.25 in a research note on Tuesday. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, April 6th. Jefferies Financial Group assumed coverage on shares of Alamos Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AGI. Anchor Investment Management LLC purchased a new stake in shares of Alamos Gold in the 4th quarter worth $27,000. Tower Research Capital LLC TRC lifted its stake in Alamos Gold by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 2,752 shares during the period. US Bancorp DE lifted its stake in Alamos Gold by 106.7% in the fourth quarter. US Bancorp DE now owns 4,968 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 2,565 shares during the period. Engineers Gate Manager LP bought a new position in Alamos Gold during the 3rd quarter worth about $81,000. Finally, AJOVista LLC purchased a new position in Alamos Gold during the 4th quarter valued at about $83,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 1.0 %

Alamos Gold stock opened at $15.21 on Friday. The company’s 50-day moving average price is $13.18 and its 200-day moving average price is $12.99. The company has a market cap of $6.04 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.61 and a beta of 1.15. Alamos Gold has a twelve month low of $10.78 and a twelve month high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that Alamos Gold will post 0.69 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is presently 18.87%.

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.