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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $25.06.

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

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently bought and sold shares of AGI. Mackenzie Financial Corp raised its holdings in Alamos Gold by 147.6% during the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after acquiring an additional 2,756,759 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Alamos Gold by 79.3% during the third quarter. CIBC Asset Management Inc now owns 4,859,699 shares of the basic materials company’s stock worth $97,336,000 after acquiring an additional 2,149,915 shares in the last quarter. FMR LLC raised its holdings 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. Finally, Triasima Portfolio Management inc. raised its holdings 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. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.4 %

Shares of Alamos Gold stock opened at $18.38 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The business has a fifty day simple moving average of $19.75 and a 200 day simple moving average of $18.17. The stock has a market cap of $7.72 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Research analysts predict that Alamos Gold will post 0.76 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.54%. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

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.