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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.06.

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

Alamos Gold Stock Down 0.3 %

NYSE:AGI opened at $20.11 on Wednesday. Alamos Gold has a 1-year low of $11.24 and a 1-year high of $21.45. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. The stock has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $17.74.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.50%. Alamos Gold’s dividend payout ratio is 20.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Alamos Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock valued at $216,371,000 after acquiring an additional 250,207 shares in the last quarter. Mackenzie Financial Corp raised its stake 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 valued at $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 during the period. Bank of New York Mellon Corp increased its position in Alamos Gold by 31.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after buying an additional 1,058,000 shares during the period. Finally, CIBC Asset Management Inc increased its position in Alamos Gold by 311.9% in 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 buying an additional 2,051,935 shares during the period. 64.33% of the stock is owned by institutional investors.

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.