Alamos Gold (NYSE:AGI) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other analysts have also issued reports on AGI. Royal Bank of Canada raised their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Stock Performance

Shares of AGI opened at $26.75 on Friday. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold has a 12 month low of $14.31 and a 12 month high of $27.25. The company’s fifty day moving average is $23.28 and its 200-day moving average is $20.80. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities analysts expect that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.37%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is 14.49%.

Institutional Trading of Alamos Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in 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 during the last quarter. Norges Bank bought a new stake in Alamos Gold during the 4th quarter worth approximately $100,694,000. CIBC Asset Management Inc raised its holdings in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the period. FMR LLC raised its stake in shares of Alamos Gold by 50.8% in 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 period. Finally, Addenda Capital Inc. bought a new stake in Alamos Gold in the 4th quarter valued at approximately $34,869,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

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.