Alamos Gold Inc. (NYSE:AGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.06.

AGI has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Jefferies Financial Group raised their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Finally, Scotiabank increased their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently bought and sold shares of AGI. Mackenzie Financial Corp boosted its holdings in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after acquiring an additional 4,521,282 shares during the period. Van ECK Associates Corp boosted its stake in Alamos Gold by 8.3% during the 1st quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company’s stock worth $772,863,000 after purchasing an additional 4,009,220 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Alamos Gold by 71.9% during 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 purchasing an additional 2,756,759 shares during the period. CIBC Asset Management Inc grew its position in Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company’s stock worth $42,480,000 after purchasing an additional 2,051,935 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Alamos Gold by 396.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,426,474 shares of the basic materials company’s stock valued at $19,215,000 after purchasing an additional 1,139,404 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI opened at $19.59 on Friday. The business has a fifty day moving average price of $19.05 and a 200 day moving average price of $16.89. Alamos Gold has a 12 month low of $10.91 and a 12 month high of $21.42. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 0.90 and a beta of 1.18.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. On average, research analysts anticipate that Alamos Gold will post 0.75 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.51%. Alamos Gold’s dividend payout ratio is currently 19.23%.

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.