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

by · The Cerbat Gem

Shares of Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $25.06.

AGI has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank raised their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group upped their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th.

Check Out Our Latest Stock Report on Alamos Gold

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baldwin Brothers LLC MA bought a new position in shares of Alamos Gold in the 2nd quarter worth about $47,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold during the second quarter worth about $48,000. Employees Retirement System of Texas purchased a new stake in Alamos Gold in the second quarter worth about $88,000. St. Johns Investment Management Company LLC bought a new position in shares of Alamos Gold during the first quarter valued at approximately $115,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of Alamos Gold during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $19.17 on Friday. The stock has a market capitalization of $7.65 billion, a P/E ratio of 36.73, a PEG ratio of 0.90 and a beta of 1.18. Alamos Gold has a one year low of $11.24 and a one year high of $21.42. The firm’s 50 day simple moving average is $19.16 and its two-hundred day simple moving average is $17.03.

Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The firm had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, equities analysts expect that Alamos Gold will post 0.75 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Alamos Gold Company Profile

(Get Free Report

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.

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