Alamos Gold Inc. (NYSE:AGI – Get Free Report) (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.
Read Our Latest Stock Analysis on AGI
Institutional Investors Weigh In On Alamos Gold
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 – Get Free Report) (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.
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