Alamos Gold (NYSE:AGI) Price Target Raised to $30.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its target price lifted by equities research analysts at Royal Bank of Canada from $27.00 to $30.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price points to a potential upside of 15.77% from the company’s previous close.

AGI has been the subject of a number of other research reports. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $26.81.

Alamos Gold Stock Down 3.6 %

AGI stock opened at $25.91 on Friday. The company has a fifty day moving average price of $23.68 and a 200 day moving average price of $20.92. Alamos Gold has a 12 month low of $14.31 and a 12 month high of $27.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors have recently modified their holdings of AGI. Baird Financial Group Inc. grew its holdings in Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock valued at $3,349,000 after purchasing an additional 614 shares during the last quarter. Veracity Capital LLC lifted its stake in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 694 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 728 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Alamos Gold by 1.2% in the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after purchasing an additional 854 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. Hedge funds and other 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.