Alamos Gold (NYSE:AGI) Price Target Raised to $33.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price target upped by Scotiabank from $25.00 to $33.00 in a report issued on Monday,Benzinga reports. Scotiabank currently has a sector outperform rating on the basic materials company’s stock.

Several other equities analysts have also weighed in on the stock. Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 6th. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $30.38.

Alamos Gold Stock Up 2.6 %

Shares of AGI opened at $30.39 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 44.04, a PEG ratio of 0.40 and a beta of 1.02. Alamos Gold has a 52 week low of $14.31 and a 52 week high of $31.00. The stock has a fifty day moving average of $24.96 and a 200-day moving average of $21.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. As a group, sell-side analysts anticipate that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. Alamos Gold’s payout ratio is currently 14.49%.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after buying an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Alamos Gold in the 4th quarter valued at $61,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold during the fourth quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. bought a new position in Alamos Gold during the 4th quarter worth approximately $136,000. 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.