Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Consensus PT from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned an average rating of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.06.

A number of brokerages have recently commented on AGI. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday.

Alamos Gold Stock Performance

NYSE:AGI opened at $23.04 on Friday. The stock has a market cap of $9.68 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. The firm’s fifty day simple moving average is $19.77 and its 200 day simple moving average is $19.43. Alamos Gold has a twelve month low of $11.27 and a twelve month high of $23.08. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently modified their holdings of AGI. Norges Bank purchased a new position in shares of Alamos Gold in the 4th quarter worth about $100,694,000. CIBC Asset Management Inc raised its position in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC raised its position in shares of Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after purchasing an additional 2,148,153 shares during the last quarter. Addenda Capital Inc. purchased a new position in shares of Alamos Gold in the 4th quarter worth about $34,869,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Alamos Gold in the 4th quarter worth about $28,950,000. Hedge funds and other 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.