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

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

AGI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd.

Alamos Gold Trading Down 1.4 %

Shares of NYSE:AGI opened at $22.49 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 37.48, a PEG ratio of 0.66 and a beta of 1.16. Alamos Gold has a 1-year low of $11.24 and a 1-year high of $23.06. The company has a 50 day moving average price of $19.64 and a 200 day moving average price of $19.36.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Investors Weigh In On Alamos Gold

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after purchasing an additional 279,280 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in shares of Alamos Gold by 6.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 42,073 shares of the basic materials company’s stock worth $775,000 after buying an additional 2,490 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Alamos Gold in the 4th quarter valued at approximately $625,000. Evoke Wealth LLC lifted its stake in Alamos Gold by 48.5% in the 4th quarter. Evoke Wealth LLC now owns 127,088 shares of the basic materials company’s stock valued at $2,344,000 after acquiring an additional 41,514 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its position in Alamos Gold by 43.0% during the 4th quarter. Intact Investment Management Inc. now owns 902,560 shares of the basic materials company’s stock worth $16,649,000 after acquiring an additional 271,430 shares during the last quarter. 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.