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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.15.

A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price target on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group boosted their price target on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 14th. Finally, Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds have recently added to or reduced their stakes in AGI. Oppenheimer & Close LLC lifted its stake in Alamos Gold by 2.1% in the first quarter. Oppenheimer & Close LLC now owns 236,845 shares of the basic materials company’s stock worth $3,493,000 after purchasing an additional 4,902 shares during the last quarter. Oxbow Advisors LLC raised its holdings in shares of Alamos Gold by 4.9% in the first quarter. Oxbow Advisors LLC now owns 70,576 shares of the basic materials company’s stock worth $1,041,000 after buying an additional 3,300 shares during the period. Easterly Investment Partners LLC lifted its stake in shares of Alamos Gold by 0.9% during the 1st quarter. Easterly Investment Partners LLC now owns 276,237 shares of the basic materials company’s stock worth $4,074,000 after acquiring an additional 2,585 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alamos Gold by 54.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 161,001 shares of the basic materials company’s stock valued at $2,375,000 after acquiring an additional 56,745 shares during the period. Finally, Private Advisor Group LLC grew its position in Alamos Gold by 40.8% in the 1st quarter. Private Advisor Group LLC now owns 25,020 shares of the basic materials company’s stock valued at $369,000 after acquiring an additional 7,253 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Price Performance

Shares of AGI stock opened at $15.31 on Wednesday. The company’s fifty day moving average price is $14.27 and its 200-day moving average price is $13.40. Alamos Gold has a one year low of $10.78 and a one year high of $16.01. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 3.65 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $277.60 million for the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts expect that Alamos Gold will post 0.67 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.025 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.65%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

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.