Alamos Gold Inc. (NYSE:AGI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.06.

AGI has been the topic of several analyst reports. Scotiabank raised their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. National Bank Financial cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold during the 2nd quarter worth about $47,000. Hara Capital LLC acquired a new position in shares of Alamos Gold during the third quarter valued at approximately $47,000. Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold during the second quarter valued at approximately $48,000. Employees Retirement System of Texas purchased a new position in shares of Alamos Gold in the second quarter valued at approximately $88,000. Finally, Eastern Bank acquired a new stake in shares of Alamos Gold in the third quarter worth approximately $111,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 0.1 %

Shares of AGI stock opened at $18.87 on Friday. Alamos Gold has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The firm has a market capitalization of $7.93 billion, a PE ratio of 31.45, a P/E/G ratio of 0.85 and a beta of 1.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The stock’s 50-day simple moving average is $19.84 and its 200-day simple moving average is $18.09.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business 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%. Equities analysts expect that Alamos Gold will post 0.76 earnings per share for the current 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. This represents a $0.10 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold’s payout ratio is presently 16.67%.

About Alamos Gold

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.