Brokerages Set Alamos Gold Inc. (NYSE:AGI) Price Target at $26.06

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given an average recommendation of “Buy” by the five analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $26.06.

A number of brokerages have recently issued reports on AGI. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th.

Alamos Gold Stock Down 3.1 %

AGI stock opened at $23.03 on Tuesday. The stock’s 50 day simple moving average is $21.30 and its 200 day simple moving average is $20.08. The company has a market cap of $9.68 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold has a fifty-two week low of $13.06 and a fifty-two week high of $24.59.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, research analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s payout ratio is currently 14.49%.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after acquiring an additional 5,516,186 shares in the last quarter. Norges Bank bought a new position in Alamos Gold in the 4th quarter valued at $100,694,000. CIBC Asset Management Inc increased its position in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC increased its position in shares of Alamos Gold by 50.8% during the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Finally, Addenda Capital Inc. purchased a new position in shares of Alamos Gold in the 4th quarter worth about $34,869,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

About Alamos Gold

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.