Alamos Gold (NYSE:AGI) Price Target Raised to $18.00 at Jefferies Financial Group

Alamos Gold (NYSE:AGI) (TSE:AGI) had its target price boosted by Jefferies Financial Group from $14.00 to $18.00 in a research report report published on Monday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America raised shares of Alamos Gold from a neutral rating to a buy rating and lifted their price target for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. Royal Bank of Canada raised shares of Alamos Gold from a sector perform rating to an outperform rating and lifted their price target for the stock from $12.00 to $16.00 in a report on Thursday, January 11th. National Bank Financial reaffirmed an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, StockNews.com raised shares of Alamos Gold from a hold rating to a buy rating in a report on Sunday, April 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $17.75.

Alamos Gold Stock Down 3.6 %

Alamos Gold stock opened at $14.76 on Monday. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $16.01. The company’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $13.17. The stock has a market cap of $5.87 billion, a P/E ratio of 27.84, a P/E/G ratio of 3.89 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $257.47 million. During the same quarter last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Alamos Gold will post 0.64 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%. Alamos Gold’s dividend payout ratio (DPR) is currently 18.87%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cheviot Value Management LLC grew its position in Alamos Gold by 2.0% in the fourth quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock worth $699,000 after acquiring an additional 1,000 shares in the last quarter. AE Wealth Management LLC grew its position in Alamos Gold by 2.8% in the third quarter. AE Wealth Management LLC now owns 38,692 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 1,049 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Alamos Gold by 3.9% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,830 shares of the basic materials company’s stock worth $337,000 after acquiring an additional 1,109 shares in the last quarter. Natixis Advisors L.P. grew its position in Alamos Gold by 3.6% in the fourth quarter. Natixis Advisors L.P. now owns 32,588 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Kercheville Advisors LLC grew its position in Alamos Gold by 3.3% in the fourth quarter. Kercheville Advisors LLC now owns 37,200 shares of the basic materials company’s stock worth $501,000 after acquiring an additional 1,200 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

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.