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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned an average rating of “Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.06.

Several research analysts have weighed in on the company. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AGI. AGF Management Ltd. purchased a new position in Alamos Gold in the fourth quarter worth about $6,178,000. Daiwa Securities Group Inc. bought a new stake in shares of Alamos Gold in the 4th quarter valued at approximately $136,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Alamos Gold by 93.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 178,170 shares of the basic materials company’s stock worth $3,285,000 after purchasing an additional 86,137 shares during the period. Amundi boosted its holdings in shares of Alamos Gold by 19.1% in the 4th quarter. Amundi now owns 1,611,367 shares of the basic materials company’s stock worth $31,148,000 after purchasing an additional 257,859 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Alamos Gold during the 4th quarter valued at approximately $645,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Performance

NYSE AGI opened at $22.21 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold has a twelve month low of $11.24 and a twelve month high of $22.62. The business has a 50-day moving average price of $19.56 and a 200-day moving average price of $19.30. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. Alamos Gold’s dividend payout ratio (DPR) 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.