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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.06.

AGI has been the subject of a number of analyst reports. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lifted their price objective on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Royal Bank of Canada raised their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Scotiabank boosted their price target on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th.

Alamos Gold Trading Down 0.3 %

Shares of AGI opened at $20.11 on Wednesday. The company has a market capitalization of $8.45 billion, a PE ratio of 40.22, a PEG ratio of 0.92 and a beta of 1.18. The stock’s 50-day moving average price is $19.92 and its two-hundred day moving average price is $17.70. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The firm had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same quarter last year, the business earned $0.15 EPS. The company’s revenue was up 27.4% compared to the same quarter last year. Equities research analysts predict that Alamos Gold will post 0.78 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is 20.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new position in Alamos Gold in the 3rd quarter valued at about $793,000. Hara Capital LLC bought a new position in shares of Alamos Gold in the third quarter valued at approximately $47,000. Principal Financial Group Inc. grew its holdings in Alamos Gold by 3.7% during the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock worth $34,655,000 after buying an additional 61,700 shares in the last quarter. Old West Investment Management LLC lifted its stake in Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock valued at $9,689,000 after acquiring an additional 48,128 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its stake in Alamos Gold by 9.6% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 148,860 shares of the basic materials company’s stock valued at $2,968,000 after acquiring an additional 12,990 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

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.