Alamos Gold Inc. (NYSE:AGI) Receives $16.95 Consensus PT from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.95.

Several brokerages recently issued reports on AGI. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group started coverage on Alamos Gold in a report on Thursday, February 29th. They set a “buy” rating and a $14.00 target price for the company. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $12.00 to $16.00 in a report on Thursday, January 11th. Finally, Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th.

Alamos Gold Stock Performance

AGI opened at $14.99 on Friday. Alamos Gold has a one year low of $10.78 and a one year high of $16.01. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 3.75 and a beta of 1.15. The stock’s 50 day moving average price is $13.23 and its 200-day moving average price is $13.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $257.47 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Alamos Gold’s revenue was up 9.8% compared to the same quarter last year. As a group, analysts predict that Alamos Gold will post 0.66 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 18.87%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors have recently modified their holdings of AGI. Vanguard Group Inc. boosted its holdings in Alamos Gold by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock worth $194,224,000 after buying an additional 216,280 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Alamos Gold by 6.7% in the 1st quarter. Renaissance Technologies LLC now owns 9,177,531 shares of the basic materials company’s stock worth $77,275,000 after purchasing an additional 579,511 shares in the last quarter. Norges Bank purchased a new position in Alamos Gold in the 4th quarter worth approximately $64,117,000. FMR LLC boosted its holdings in shares of Alamos Gold by 24.3% during the 2nd quarter. FMR LLC now owns 4,411,128 shares of the basic materials company’s stock worth $30,945,000 after purchasing an additional 863,013 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Alamos Gold by 4.9% during the 3rd quarter. Invesco Ltd. now owns 3,764,554 shares of the basic materials company’s stock worth $42,502,000 after purchasing an additional 175,117 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

About Alamos Gold

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.