Analysts Set Alamos Gold Inc. (NYSE:AGI) PT at $25.06

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.06.

Several analysts have issued reports on AGI shares. Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Institutional Trading of Alamos Gold

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its position in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. Hara Capital LLC purchased a new position in shares of Alamos Gold during the 3rd quarter valued at about $47,000. Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the 2nd quarter worth approximately $48,000. Employees Retirement System of Texas bought a new stake in Alamos Gold in the 2nd quarter worth approximately $88,000. Finally, Eastern Bank purchased a new stake in Alamos Gold in the third quarter worth approximately $111,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Performance

NYSE:AGI opened at $19.39 on Monday. The business’s fifty day moving average is $18.80 and its 200 day moving average is $18.84. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold has a 52-week low of $11.24 and a 52-week high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million for the quarter. Research analysts predict that Alamos Gold will post 0.77 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

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.