Alamos Gold Inc. (NYSE:AGI) Receives Consensus Rating of “Buy” from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.06.

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised 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.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGI. Veracity Capital LLC raised its holdings in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 694 shares in the last quarter. Addenda Capital Inc. bought a new position in Alamos Gold during the fourth quarter valued at about $34,869,000. Canoe Financial LP acquired a new stake in shares of Alamos Gold in the fourth quarter worth about $4,066,000. Burney Co. bought a new stake in shares of Alamos Gold during the 4th quarter worth about $1,161,000. Finally, Foundation Resource Management Inc. increased its holdings in shares of Alamos Gold by 23.1% during the 4th quarter. Foundation Resource Management Inc. now owns 50,995 shares of the basic materials company’s stock valued at $940,000 after acquiring an additional 9,570 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

NYSE:AGI opened at $19.54 on Monday. Alamos Gold has a 52-week low of $11.24 and a 52-week high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $8.21 billion, a P/E ratio of 32.56, a PEG ratio of 0.59 and a beta of 1.15. The business’s 50-day moving average price is $18.79 and its 200 day moving average price is $18.92.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company 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%. As a group, sell-side analysts predict that Alamos Gold will post 0.82 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. Alamos Gold’s payout ratio is 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.