Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Average Target Price from Brokerages

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $25.06.

A number of analysts have recently weighed in on the company. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd.

Alamos Gold Stock Performance

NYSE AGI opened at $19.39 on Monday. The company has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $18.84. Alamos Gold has a 12-month low of $11.24 and a 12-month high of $21.45. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 0.93 and a beta of 1.15. 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 (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million during the quarter. On average, equities analysts forecast that Alamos Gold will post 0.77 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Trading of Alamos Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. Mackenzie Financial Corp increased its position in Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after purchasing an additional 4,521,282 shares during the period. FMR LLC increased its position in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Alamos Gold by 19.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after buying an additional 891,255 shares in the last quarter. CIBC Asset Management Inc raised its stake in Alamos Gold by 79.3% in 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 buying an additional 2,149,915 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Alamos Gold by 1.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock worth $41,205,000 after buying an additional 38,913 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.