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

Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) has been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of brokerages recently commented on AGI. Laurentian cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. CIBC raised their price objective on Alamos Gold from C$17.50 to C$18.50 in a research report on Tuesday, February 7th. Scotiabank began coverage on shares of Alamos Gold in a report on Monday, April 24th. They set an “outperform” rating and a $14.50 target price for the company. StockNews.com assumed coverage on shares of Alamos Gold in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, National Bank Financial lifted their target price on Alamos Gold from C$17.50 to C$18.00 in a report on Tuesday, February 14th.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds have recently modified their holdings of AGI. JPMorgan Chase & Co. lifted its position in shares of Alamos Gold by 260.7% during the 1st quarter. JPMorgan Chase & Co. now owns 84,778 shares of the basic materials company’s stock valued at $1,036,000 after buying an additional 61,276 shares in the last quarter. Harvest Portfolios Group Inc. acquired a new position in Alamos Gold during the 1st quarter worth about $658,000. Caldwell Investment Management Ltd. acquired a new stake in Alamos Gold in the 1st quarter valued at about $4,459,000. Colony Group LLC raised its holdings in shares of Alamos Gold by 27.3% in the 1st quarter. Colony Group LLC now owns 506,551 shares of the basic materials company’s stock valued at $6,195,000 after purchasing an additional 108,755 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Alamos Gold by 8.9% in the first quarter. First Trust Advisors LP now owns 12,280 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 50.22% of the company’s stock.

Alamos Gold Stock Up 1.7 %

Shares of AGI stock opened at $12.87 on Wednesday. The firm has a 50 day moving average of $12.68 and a 200-day moving average of $11.03. Alamos Gold has a 52 week low of $6.35 and a 52 week high of $14.12. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09.

Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last released its earnings results on Thursday, April 27th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $251.50 million for the quarter, compared to analysts’ expectations of $231.55 million. Alamos Gold had a return on equity of 4.98% and a net margin of 10.58%. The business’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. Analysts anticipate that Alamos Gold will post 0.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.78%. Alamos Gold’s dividend payout ratio is currently 41.67%.

Alamos Gold Company Profile

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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.