Alamos Gold Inc. (NYSE:AGI) Receives $43.00 Average Price Target from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.00.

A number of brokerages recently commented on AGI. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Alamos Gold in a research note on Sunday, December 7th. Bank of America lifted their target price on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a research report on Monday, December 29th. Finally, Desjardins initiated coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating for the company.

Alamos Gold Trading Up 3.0%

Shares of AGI opened at $43.45 on Friday. The stock has a market capitalization of $18.24 billion, a PE ratio of 33.94, a P/E/G ratio of 0.41 and a beta of 0.63. The company’s fifty day moving average is $38.32 and its 200 day moving average is $33.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.72. Alamos Gold has a fifty-two week low of $19.74 and a fifty-two week high of $43.95.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. During the same quarter last year, the business earned $0.19 earnings per share. Alamos Gold’s quarterly revenue was up 28.1% compared to the same quarter last year. Sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. Alamos Gold’s dividend payout ratio is currently 7.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its stake in shares of Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the last quarter. Empowered Funds LLC purchased a new stake in Alamos Gold in the first quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alamos Gold by 129.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after purchasing an additional 571,536 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Alamos Gold by 20.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock worth $390,000 after purchasing an additional 2,493 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Alamos Gold during the second quarter valued at $201,000. Institutional investors own 64.33% of the company’s stock.

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.