Alamos Gold Inc. (NYSE:AGI) Given Average Rating of “Buy” by Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned an average rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $50.6667.

A number of equities research analysts have recently commented on AGI shares. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Scotiabank raised their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in AGI. Atlantic Union Bankshares Corp purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC lifted its position in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $39.42 on Friday. Alamos Gold has a twelve month low of $23.75 and a twelve month high of $55.41. The company’s 50 day moving average is $46.45 and its 200 day moving average is $40.72. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The company has a market cap of $16.55 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.54 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.61%. The business’s revenue was up 79.2% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, sell-side analysts forecast that Alamos Gold will post 2.45 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 12th. This is a positive change from Alamos Gold’s previous quarterly dividend of $0.03. Alamos Gold’s dividend payout ratio is 6.37%.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.