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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $23.81.

AGI has been the subject of a number of recent research reports. Scotiabank upped their target price on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their target price on Alamos Gold from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th.

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baldwin Brothers LLC MA acquired a new stake in shares of Alamos Gold in the second quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold in the second quarter valued at $48,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold in the second quarter valued at $88,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Alamos Gold in the first quarter valued at $115,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Alamos Gold in the first quarter valued at $203,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Up 3.1 %

Shares of NYSE AGI opened at $20.69 on Tuesday. The business has a fifty day simple moving average of $18.08 and a 200 day simple moving average of $16.16. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 0.82 and a beta of 1.18. Alamos Gold has a one year low of $10.78 and a one year high of $20.90.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. Alamos Gold’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. On average, research analysts anticipate that Alamos Gold will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.48%. Alamos Gold’s dividend payout ratio is currently 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.