Alamos Gold Inc. (NYSE:AGI) Receives $18.15 Consensus Price Target from Analysts

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

AGI has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Bank of America upgraded shares of 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 report on Tuesday, April 9th. Finally, Jefferies Financial Group increased their target price on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd.

Alamos Gold Price Performance

AGI stock opened at $15.68 on Thursday. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $17.29. The firm has a market cap of $6.25 billion, a PE ratio of 30.15, a P/E/G ratio of 0.72 and a beta of 1.23. The firm has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $14.14.

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

Alamos Gold Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AGI. Cheviot Value Management LLC grew its stake in Alamos Gold by 2.0% in the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock valued at $699,000 after buying an additional 1,000 shares during 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 boosted its holdings in Alamos Gold by 3.3% in the 4th quarter. Kercheville Advisors LLC now owns 37,200 shares of the basic materials company’s stock valued at $501,000 after purchasing an additional 1,200 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Alamos Gold by 20.7% during the 1st quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 1,200 shares during the period. Finally, Pinnacle Wealth Management Group Inc. lifted its holdings in shares of Alamos Gold by 2.4% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 72,775 shares of the basic materials company’s stock worth $980,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Company Profile

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.