Brokerages Set Alamos Gold Inc. (NYSE:AGI) Price Target at $15.50

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 (NYSE:AGI – Get Rating) (TSE:AGI) last posted its earnings results on Thursday, February 23rd. The basic materials company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $231.90 million during the quarter, compared to the consensus estimate of $232.00 million. Alamos Gold had a net margin of 4.52% and a return on equity of 4.03%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Research analysts expect that Alamos Gold will post 0.41 earnings per share for the current year.

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

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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.