Alamos Gold Inc. (NYSE:AGI) Receives $12.75 Consensus PT from Analysts

Shares of Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $12.75.

AGI has been the subject of a number of research analyst reports. TD Securities boosted their target price on shares of Alamos Gold from C$16.00 to C$16.50 in a research report on Thursday, June 30th. StockNews.com raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 6th. TheStreet lowered shares of Alamos Gold from a “b-” rating to a “c+” rating in a report on Thursday. National Bank Financial decreased their target price on shares of Alamos Gold from C$13.00 to C$12.50 in a research report on Thursday, July 21st. Finally, Stifel Nicolaus reduced their target price on shares of Alamos Gold from C$18.25 to C$16.00 in a report on Wednesday, July 20th.

Alamos Gold Price Performance

NYSE:AGI opened at $7.18 on Friday. The business’s 50-day moving average is $7.49 and its two-hundred day moving average is $7.74. Alamos Gold has a 12 month low of $6.51 and a 12 month high of $9.22. The firm has a market capitalization of $2.82 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 3.00 and a beta of 1.09.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $191.20 million during the quarter, compared to the consensus estimate of $195.11 million. Alamos Gold had a return on equity of 4.51% and a net margin of 6.76%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Equities analysts anticipate that Alamos Gold will post 0.32 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 14th. Alamos Gold’s payout ratio is 71.43%.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Alamos Gold by 28.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 834,956 shares of the basic materials company’s stock valued at $6,421,000 after buying an additional 184,458 shares during the period. BNP Paribas Arbitrage SA raised its stake in Alamos Gold by 77.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 91,221 shares of the basic materials company’s stock valued at $701,000 after buying an additional 39,940 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Alamos Gold by 0.6% during the fourth quarter. Bank of Montreal Can now owns 2,097,471 shares of the basic materials company’s stock valued at $16,080,000 after purchasing an additional 13,381 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Alamos Gold by 1.3% during the fourth quarter. Renaissance Technologies LLC now owns 8,598,020 shares of the basic materials company’s stock valued at $66,119,000 after purchasing an additional 114,049 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Alamos Gold by 7.9% in the 4th quarter. Invesco Ltd. now owns 3,595,879 shares of the basic materials company’s stock worth $27,652,000 after buying an additional 263,880 shares in the last quarter. Institutional investors and hedge funds own 50.89% of the company’s stock.

Alamos Gold Company Profile

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Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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