Analysts Set Alamos Gold Inc. (NYSE:AGI) Price Target at $26.06

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned a consensus rating of “Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $26.06.

Several research analysts have issued reports on the stock. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Alamos Gold by 51.8% in 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 during the period. Hara Capital LLC purchased a new position in shares of Alamos Gold in the third quarter valued at $47,000. R Squared Ltd purchased a new position in shares of Alamos Gold in the fourth quarter valued at $61,000. Finally, Cutler Capital Management LLC bought a new position in Alamos Gold during the 4th quarter valued at $108,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Down 1.7 %

Shares of NYSE:AGI opened at $23.93 on Tuesday. Alamos Gold has a 52 week low of $13.06 and a 52 week high of $24.41. The company’s 50 day moving average is $21.09 and its two-hundred day moving average is $20.02. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.06 billion, a PE ratio of 34.69, a P/E/G ratio of 0.40 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities analysts predict that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio is presently 14.49%.

Alamos Gold Company Profile

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.