Shares of Alamos Gold Inc. (NYSE:AGI – Get Free Report) (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.
Check Out Our Latest Analysis on AGI
Institutional Inflows and Outflows
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 – Get Free Report) (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.
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