Alamos Gold Inc. (NYSE:AGI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.95.

Several research firms have recently issued reports on AGI. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group began coverage on Alamos Gold in a report on Thursday, February 29th. They set a “buy” rating and a $14.00 target price for the company. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. Finally, Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $16.00 in a report on Thursday, January 11th.

Alamos Gold Stock Up 0.4 %

Shares of Alamos Gold stock opened at $14.94 on Friday. The firm has a market capitalization of $5.94 billion, a P/E ratio of 28.19, a P/E/G ratio of 3.69 and a beta of 1.15. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $16.01. The firm’s 50 day moving average is $13.33 and its two-hundred day moving average is $13.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $257.47 million. During the same period in the prior year, the company earned $0.09 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts expect that Alamos Gold will post 0.66 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio is currently 18.87%.

Institutional Investors Weigh In On Alamos Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Alamos Gold in the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC lifted its position in shares of Alamos Gold by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company’s stock worth $47,000 after buying an additional 2,752 shares during the period. US Bancorp DE lifted its position in shares of Alamos Gold by 106.7% during the 4th quarter. US Bancorp DE now owns 4,968 shares of the basic materials company’s stock worth $67,000 after buying an additional 2,565 shares during the period. AJOVista LLC bought a new position in Alamos Gold in the 4th quarter valued at $83,000. Finally, IFP Advisors Inc bought a new position in Alamos Gold in the 2nd quarter valued at $84,000. 64.33% of the stock is 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.