Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Average Price Target from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received a consensus rating of “Buy” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.06.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd.

Institutional Investors Weigh In On Alamos Gold

Several hedge funds have recently modified their holdings of AGI. Raymond James & Associates boosted its position in Alamos Gold by 1.6% during the 2nd quarter. Raymond James & Associates now owns 317,959 shares of the basic materials company’s stock valued at $4,986,000 after acquiring an additional 5,075 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Alamos Gold by 3.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock valued at $609,000 after purchasing an additional 1,282 shares during the last quarter. Mcrae Capital Management Inc. raised its holdings in Alamos Gold by 77.5% in the second quarter. Mcrae Capital Management Inc. now owns 22,900 shares of the basic materials company’s stock worth $359,000 after purchasing an additional 10,000 shares in the last quarter. HMS Capital Management LLC bought a new position in shares of Alamos Gold during the 2nd quarter worth approximately $405,000. Finally, Easterly Investment Partners LLC increased its position in shares of Alamos Gold by 0.6% during the second quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock worth $4,358,000 after purchasing an additional 1,673 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

NYSE:AGI opened at $18.35 on Thursday. The business’s 50-day moving average is $19.36 and its 200 day moving average is $18.48. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The company has a market capitalization of $7.71 billion, a P/E ratio of 30.58, a P/E/G ratio of 0.93 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

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.