Alamos Gold (NYSE:AGI) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

AGI has been the subject of several other research reports. National Bank Financial restated an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. Royal Bank of Canada lifted their target price on Alamos Gold from $16.00 to $18.00 and gave the stock an outperform rating in a report on Tuesday, April 23rd. Bank of America raised Alamos Gold from a neutral rating to a buy rating and boosted their target price for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group boosted their target price on Alamos Gold from $14.00 to $18.00 and gave the company a buy rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Alamos Gold has an average rating of Moderate Buy and an average price target of $18.15.

Alamos Gold Trading Up 1.0 %

Shares of AGI opened at $15.47 on Wednesday. The company has a market capitalization of $6.16 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 3.65 and a beta of 1.16. The business’s 50 day moving average is $14.35 and its 200 day moving average is $13.41. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $277.60 million during the quarter, compared to analysts’ expectations of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. Equities research analysts predict that Alamos Gold will post 0.67 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.65%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds have recently bought and sold shares of the business. Cheviot Value Management LLC grew its position in Alamos Gold by 2.0% in the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after acquiring an additional 1,000 shares during 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 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,830 shares of the basic materials company’s stock valued at $337,000 after acquiring an additional 1,109 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of Alamos Gold by 3.6% during the 4th quarter. Natixis Advisors L.P. now owns 32,588 shares of the basic materials company’s stock worth $438,000 after buying an additional 1,137 shares in the last quarter. Kercheville Advisors LLC increased its stake in shares of Alamos Gold by 3.3% during the fourth quarter. Kercheville Advisors LLC now owns 37,200 shares of the basic materials company’s stock valued at $501,000 after buying an additional 1,200 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Alamos Gold by 20.7% in the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $103,000 after acquiring an additional 1,200 shares in 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.