Analysts Set Alamos Gold Inc. (NYSE:AGI) Target Price at $25.06

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given an average rating of “Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have covered the stock in the last year is $25.06.

A number of research analysts recently commented on AGI shares. Jefferies Financial Group increased their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada lifted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Alamos Gold Stock Down 0.2 %

NYSE AGI opened at $18.32 on Thursday. The stock has a 50 day moving average price of $19.33 and a 200-day moving average price of $18.50. Alamos Gold has a one year low of $11.24 and a one year high of $21.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The company has a market capitalization of $7.70 billion, a P/E ratio of 30.53, a P/E/G ratio of 0.93 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million for the quarter. As a group, equities analysts predict that Alamos Gold will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Trading of Alamos Gold

Large investors have recently made changes to their positions in the stock. Hara Capital LLC bought a new stake in Alamos Gold during the 3rd quarter valued at about $47,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the second quarter worth approximately $48,000. Eastern Bank bought a new stake in shares of Alamos Gold during the third quarter valued at approximately $111,000. Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold in the second quarter valued at approximately $88,000. Finally, Plato Investment Management Ltd bought a new position in Alamos Gold in the third quarter worth approximately $147,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

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.