Alamos Gold (NYSE:AGI) Price Target Raised to $30.00 at Royal Bank of Canada

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective lifted by Royal Bank of Canada from $27.00 to $30.00 in a report published on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $26.81.

Alamos Gold Trading Down 8.7 %

AGI opened at $24.54 on Friday. The firm’s fifty day moving average is $23.76 and its two-hundred day moving average is $20.95. The firm has a market cap of $10.32 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold has a twelve month low of $14.31 and a twelve month high of $27.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Equities research analysts anticipate that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.41%. Alamos Gold’s payout ratio is currently 14.49%.

Hedge Funds Weigh In On Alamos Gold

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after acquiring an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock worth $173,991,000 after purchasing an additional 1,424,550 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after buying an additional 2,867,027 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company’s stock valued at $138,932,000 after buying an additional 318,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock worth $136,011,000 after buying an additional 5,516,186 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

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.