Alamos Gold Inc. (NYSE:AGI) Receives $19.75 Average Price Target from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $19.75.

Several analysts recently issued reports on the stock. Scotiabank boosted their price objective on shares of Alamos Gold from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Finally, Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th.

Institutional Investors Weigh In On Alamos Gold

Hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its position in Alamos Gold by 9.4% in the 4th quarter. Mackenzie Financial Corp now owns 3,011,874 shares of the basic materials company’s stock valued at $40,525,000 after buying an additional 258,688 shares during the period. Ninety One UK Ltd raised its stake in shares of Alamos Gold by 84.9% in the fourth quarter. Ninety One UK Ltd now owns 3,002,701 shares of the basic materials company’s stock valued at $40,580,000 after acquiring an additional 1,378,456 shares in the last quarter. Raymond James & Associates boosted its holdings in Alamos Gold by 74.5% in the fourth quarter. Raymond James & Associates now owns 472,938 shares of the basic materials company’s stock valued at $6,370,000 after purchasing an additional 201,905 shares during the period. National Bank of Canada FI grew its stake in Alamos Gold by 3.4% during the 1st quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock worth $21,824,000 after purchasing an additional 45,412 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Alamos Gold by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock worth $194,224,000 after purchasing an additional 216,280 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

AGI opened at $16.52 on Monday. The stock has a market capitalization of $6.93 billion, a PE ratio of 31.76, a P/E/G ratio of 0.77 and a beta of 1.16. Alamos Gold has a one year low of $10.78 and a one year high of $17.91. The business’s 50 day moving average price is $16.45 and its 200 day moving average price is $14.59.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $277.60 million for the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, equities research analysts forecast that Alamos Gold will post 0.72 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) 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.