Alamos Gold Inc. (NYSE:AGI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have earned a consensus rating of “Buy” from the five brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.06.

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd.

Alamos Gold Trading Up 0.8 %

AGI stock opened at $23.04 on Friday. The company has a market capitalization of $9.68 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.16. Alamos Gold has a one year low of $11.27 and a one year high of $23.08. The company’s 50 day moving average price is $19.77 and its two-hundred day moving average price is $19.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Old West Investment Management LLC increased its stake in shares of Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after buying an additional 48,128 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Alamos Gold in the third quarter valued at $1,196,000. CWA Asset Management Group LLC bought a new stake in Alamos Gold in the third quarter valued at $793,000. Canoe Financial LP bought a new stake in Alamos Gold in the fourth quarter valued at $4,066,000. Finally, National Bank of Canada FI boosted its holdings in Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock valued at $30,492,000 after acquiring an additional 237,278 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

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.