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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $47.50.

Several brokerages recently issued reports on AGI. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Jefferies Financial Group decreased their price target on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Royal Bank Of Canada reduced their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds have recently added to or reduced their stakes in AGI. Norges Bank acquired a new position in shares of Alamos Gold during the fourth quarter worth approximately $219,475,000. Massachusetts Financial Services Co. MA acquired a new stake in Alamos Gold in the 4th quarter valued at $72,410,000. Bank of America Corp DE grew its position in Alamos Gold by 137.3% in the 3rd quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after purchasing an additional 1,518,374 shares during the period. Goldman Sachs Group Inc. grew its position in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after purchasing an additional 1,227,695 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Alamos Gold by 41.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company’s stock valued at $183,963,000 after purchasing an additional 1,216,977 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of AGI opened at $33.38 on Tuesday. The firm has a market cap of $13.97 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 0.44 and a beta of 0.56. Alamos Gold has a 52-week low of $25.36 and a 52-week high of $55.41. The business’s 50 day moving average price is $31.46 and its two-hundred day moving average price is $39.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. On average, equities analysts anticipate that Alamos Gold will post 2.18 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.04 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.5%. Alamos Gold’s dividend payout ratio is presently 5.78%.

About Alamos Gold

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.