Jefferies Financial Group Raises Alamos Gold (NYSE:AGI) Price Target to $18.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective boosted by Jefferies Financial Group from $14.00 to $18.00 in a report published on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the basic materials company’s stock.

AGI has been the subject of several other reports. Bank of America upgraded Alamos Gold from a neutral rating to a buy rating and increased their price objective for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. National Bank Financial reiterated an outperform overweight rating on shares of Alamos Gold in a research report on Monday, April 8th. StockNews.com upgraded Alamos Gold from a hold rating to a buy rating in a research report on Sunday, April 14th. Finally, Royal Bank of Canada upgraded Alamos Gold from a sector perform rating to an outperform rating and increased their price objective for the stock from $12.00 to $16.00 in a research report on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Alamos Gold currently has an average rating of Moderate Buy and an average target price of $18.15.

Alamos Gold Price Performance

AGI stock opened at $15.19 on Monday. The business has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $13.21. The firm has a market capitalization of $6.04 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 3.68 and a beta of 1.15. Alamos Gold has a 1 year low of $10.78 and a 1 year high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $277.60 million during the quarter, compared to analysts’ expectations of $271.15 million. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. Alamos Gold’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. On average, equities research analysts expect that Alamos Gold will post 0.66 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is 18.87%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGI. Anchor Investment Management LLC acquired a new position in Alamos Gold during the fourth quarter worth $27,000. AJOVista LLC acquired a new position in Alamos Gold during the fourth quarter worth $83,000. Fifth Third Bancorp acquired a new position in Alamos Gold during the fourth quarter worth $96,000. Venturi Wealth Management LLC lifted its stake in Alamos Gold by 20.7% during the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 1,200 shares in the last quarter. Finally, St. Johns Investment Management Company LLC acquired a new position in Alamos Gold during the first quarter worth $115,000. 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.