Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $23.31.
AGI has been the subject of several research reports. Royal Bank of Canada raised their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday. Scotiabank lifted their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Jefferies Financial Group increased their price objective on shares of Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th.
View Our Latest Stock Analysis on Alamos Gold
Hedge Funds Weigh In On Alamos Gold
Alamos Gold Trading Up 6.0 %
Shares of AGI stock opened at $20.05 on Tuesday. Alamos Gold has a 1 year low of $10.78 and a 1 year high of $20.24. The firm’s 50 day moving average is $18.00 and its 200-day moving average is $16.07. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 0.78 and a beta of 1.18.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company had revenue of $332.60 million for the quarter, compared to the consensus estimate of $282.78 million. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. On average, equities research analysts forecast that Alamos Gold will post 0.75 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, September 12th. Alamos Gold’s dividend payout ratio is presently 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.
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