Alamos Gold (NYSE:AGI) Rating Increased to Outperform at National Bank Financial

National Bank Financial upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a sector perform rating to an outperform rating in a research report report published on Tuesday, Marketbeat.com reports.

A number of other research firms have also weighed in on AGI. Scotiabank lifted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada lifted their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $25.06.

Alamos Gold Trading Up 4.5 %

Shares of Alamos Gold stock opened at $19.36 on Tuesday. The company has a fifty day simple moving average of $19.56 and a 200-day simple moving average of $18.26. Alamos Gold has a 12-month low of $11.24 and a 12-month high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 0.74 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, equities analysts forecast that Alamos Gold will post 0.77 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.025 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.52%. Alamos Gold’s dividend payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AGI. DekaBank Deutsche Girozentrale raised its position in shares of Alamos Gold by 76.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company’s stock valued at $1,528,000 after purchasing an additional 45,614 shares in the last quarter. Baldwin Brothers LLC MA acquired a new stake in Alamos Gold in the second quarter valued at $47,000. Murphy Pohlad Asset Management LLC boosted its stake in Alamos Gold by 81.9% during the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company’s stock valued at $2,130,000 after acquiring an additional 61,155 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Alamos Gold by 947.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 873,727 shares of the basic materials company’s stock worth $13,700,000 after acquiring an additional 790,351 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Alamos Gold by 1.6% in the 2nd quarter. Raymond James & Associates now owns 317,959 shares of the basic materials company’s stock worth $4,986,000 after purchasing an additional 5,075 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other 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.