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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $25.06.

AGI has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group raised their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its stake in Alamos Gold by 131.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock worth $1,434,000 after acquiring an additional 55,352 shares in the last quarter. National Bank of Canada FI increased its stake in Alamos Gold by 3.4% during the first quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock worth $21,824,000 after purchasing an additional 45,412 shares during the period. Vanguard Group Inc. lifted its position in shares of Alamos Gold by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock worth $194,224,000 after purchasing an additional 216,280 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Alamos Gold by 66.2% in the first quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock valued at $2,829,000 after purchasing an additional 76,379 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $19.59 on Friday. The stock’s 50 day simple moving average is $19.05 and its 200-day simple moving average is $16.89. The stock has a market cap of $7.82 billion, a P/E ratio of 37.67, a P/E/G ratio of 0.90 and a beta of 1.18. Alamos Gold has a 1-year low of $10.91 and a 1-year high of $21.42.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, research analysts expect that Alamos Gold will post 0.75 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.51%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

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.