Shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.50.
AGI has been the subject of several analyst reports. National Bank Financial upped their target price on shares of Alamos Gold from C$17.50 to C$18.00 in a research note on Tuesday, February 14th. Canaccord Genuity Group cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. TheStreet upgraded shares of Alamos Gold from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. CIBC lifted their price target on shares of Alamos Gold from C$17.50 to C$18.50 in a research report on Tuesday, February 7th. Finally, Scotiabank upgraded shares of Alamos Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $10.00 to $11.00 in a research note on Tuesday, November 22nd.
Alamos Gold Price Performance
NYSE AGI opened at $10.07 on Friday. Alamos Gold has a 1 year low of $6.35 and a 1 year high of $11.61. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 100.70, a PEG ratio of 1.47 and a beta of 1.05. The stock’s fifty day moving average price is $10.64 and its 200 day moving average price is $9.16.
Alamos Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, March 15th. Alamos Gold’s dividend payout ratio (DPR) is 100.00%.
Institutional Trading of Alamos Gold
Several hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Alamos Gold by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,313 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 1,148 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in Alamos Gold by 4.6% during the 3rd quarter. United Capital Financial Advisers LLC now owns 31,394 shares of the basic materials company’s stock valued at $233,000 after acquiring an additional 1,390 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Alamos Gold by 5.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock worth $239,000 after buying an additional 1,432 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Alamos Gold by 2.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,218 shares of the basic materials company’s stock valued at $546,000 after buying an additional 1,445 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Alamos Gold by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 194,108 shares of the basic materials company’s stock worth $1,962,000 after purchasing an additional 1,480 shares during the last quarter. 50.22% of the stock is owned by hedge funds and other institutional investors.
About Alamos Gold
Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.
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