Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Consensus Target Price from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $25.06.

Several equities research analysts have commented on AGI shares. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Royal Bank of Canada increased their target price on Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group increased their target price on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th.

Alamos Gold Trading Up 0.4 %

Shares of AGI stock opened at $18.45 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market capitalization of $7.75 billion, a PE ratio of 30.75, a P/E/G ratio of 0.83 and a beta of 1.19. Alamos Gold has a 1-year low of $11.24 and a 1-year high of $21.45. The business’s fifty day moving average price is $19.68 and its 200 day moving average price is $18.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million during the quarter. As a group, sell-side analysts forecast that Alamos Gold will post 0.76 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGI. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock worth $216,371,000 after acquiring an additional 250,207 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after buying an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Alamos Gold by 71.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after buying an additional 2,756,759 shares in the last quarter. FMR LLC raised its holdings in shares of Alamos Gold by 50.8% in the 3rd quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock worth $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Alamos Gold by 19.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock worth $110,662,000 after acquiring an additional 891,255 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

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.