Alamos Gold Inc. (NYSE:AGI) Given Consensus Recommendation of “Buy” by Brokerages

by · The Cerbat Gem

Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) has received a consensus rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.3750.

A number of brokerages recently weighed in on AGI. Stifel Nicolaus began coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a “buy” rating for the company. CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research note on Tuesday, July 8th.

Check Out Our Latest Report on Alamos Gold

Alamos Gold Price Performance

Shares of NYSE AGI opened at $30.47 on Tuesday. The firm has a market cap of $12.81 billion, a PE ratio of 36.71, a PEG ratio of 0.67 and a beta of 0.51. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Alamos Gold has a 1-year low of $17.42 and a 1-year high of $31.00. The company has a fifty day moving average price of $26.49 and a 200 day moving average price of $26.12.

Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $438.20 million during the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Research analysts predict that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold’s payout ratio is 12.05%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of Alamos Gold during the second quarter valued at about $30,000. Banque Transatlantique SA acquired a new position in shares of Alamos Gold during the first quarter valued at about $31,000. Sunbelt Securities Inc. acquired a new position in shares of Alamos Gold during the first quarter valued at about $41,000. SBI Securities Co. Ltd. grew its holdings in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after buying an additional 660 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Alamos Gold during the first quarter valued at about $67,000. 64.33% of the stock is owned by institutional investors.

About Alamos Gold

(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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