Alamos Gold Inc. (NYSE:AGI) Receives $26.06 Average Price Target from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given an average rating of “Buy” by the five ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.06.

A number of equities research analysts recently issued reports on AGI shares. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank of Canada raised their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after buying an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew 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 worth $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd bought a new position in Alamos Gold during the fourth quarter worth $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold during the 4th quarter valued at $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the 4th quarter valued at $136,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.7 %

AGI opened at $26.75 on Friday. The company has a market capitalization of $11.25 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold has a fifty-two week low of $14.31 and a fifty-two week high of $27.25. The business has a 50-day moving average of $23.28 and a 200-day moving average of $20.80.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 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.