Alamos Gold Inc. (NYSE:AGI) Given Consensus Recommendation of “Buy” by Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given an average recommendation of “Buy” by the five research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.06.

A number of research firms have issued reports on AGI. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Royal Bank of Canada boosted their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 buying an additional 856 shares during the period. R Squared Ltd bought a new position in Alamos Gold during the fourth quarter valued at about $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold during the fourth quarter worth about $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the fourth quarter worth about $136,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Down 0.5 %

Shares of NYSE AGI opened at $26.57 on Friday. Alamos Gold has a 12-month low of $14.31 and a 12-month high of $27.25. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $23.13 and its 200 day simple moving average is $20.72.

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

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 14.49%.

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.