Alamos Gold Inc. (NYSE:AGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.15.

Several research firms recently weighed in on AGI. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. Jefferies Financial Group lifted their price objective on Alamos Gold from $14.00 to $18.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th.

Alamos Gold Stock Performance

Shares of NYSE:AGI opened at $15.55 on Thursday. The company has a market cap of $6.20 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $17.29. The firm has a 50 day simple moving average of $15.90 and a 200 day simple moving average of $14.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.38%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, equities analysts predict that Alamos Gold will post 0.7 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.10 annualized dividend and a yield of 0.64%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Institutional Trading of Alamos Gold

Several institutional investors have recently added to or reduced their stakes in AGI. Cheviot Value Management LLC lifted its holdings in shares of Alamos Gold by 2.0% during the fourth quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock worth $699,000 after buying an additional 1,000 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Alamos Gold by 3.6% in the 4th quarter. Natixis Advisors L.P. now owns 32,588 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 1,137 shares during the period. Kercheville Advisors LLC grew its position in shares of Alamos Gold by 3.3% during the 4th quarter. Kercheville Advisors LLC now owns 37,200 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 1,200 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Alamos Gold by 20.7% during the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 1,200 shares during the period. Finally, Pinnacle Wealth Management Group Inc. raised its position in shares of Alamos Gold by 2.4% in the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 72,775 shares of the basic materials company’s stock valued at $980,000 after buying an additional 1,700 shares in the last quarter. 64.33% of the stock is currently owned by 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.