Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Consensus Target Price from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received an average rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.06.

Several research firms have commented on AGI. Royal Bank of Canada increased their target price on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report 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. Finally, Jefferies Financial Group raised their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Hedge Funds Weigh In On Alamos Gold

Hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after buying an additional 4,521,282 shares during the period. CIBC Asset Management Inc lifted its position in shares of Alamos Gold by 79.3% during the 3rd quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock valued at $97,336,000 after acquiring an additional 2,149,915 shares during the period. FMR LLC boosted its stake in Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Triasima Portfolio Management inc. boosted its stake in Alamos Gold by 328.2% during the second quarter. Triasima Portfolio Management inc. now owns 1,389,027 shares of the basic materials company’s stock worth $21,779,000 after acquiring an additional 1,064,629 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Alamos Gold by 31.9% in the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after purchasing an additional 1,058,000 shares during the period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at $18.33 on Thursday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The company has a 50 day simple moving average of $19.38 and a 200 day simple moving average of $18.46. Alamos Gold has a 1 year low of $11.24 and a 1 year 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 (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million for the quarter. Research analysts anticipate that Alamos Gold will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 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.