Alamos Gold (NYSE:AGI) Price Target Raised to $18.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective lifted by Jefferies Financial Group from $14.00 to $18.00 in a research report sent to investors on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the basic materials company’s stock.

Several other research firms also recently issued reports on AGI. Royal Bank of Canada upgraded Alamos Gold from a sector perform rating to an outperform rating and boosted their price target for the company from $12.00 to $16.00 in a research note on Thursday, January 11th. Bank of America raised Alamos Gold from a neutral rating to a buy rating and lifted their price objective for the company from $21.75 to $27.25 in a report on Tuesday, April 9th. National Bank Financial reaffirmed an outperform overweight rating on shares of Alamos Gold in a report on Monday, April 8th. Finally, StockNews.com raised Alamos Gold from a hold rating to a buy rating in a report on Sunday, April 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Alamos Gold currently has an average rating of Moderate Buy and an average price target of $18.15.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $14.97 on Monday. The business’s 50 day simple moving average is $13.72 and its 200 day simple moving average is $13.22. Alamos Gold has a 52-week low of $10.78 and a 52-week high of $16.01. The firm has a market cap of $5.96 billion, a PE ratio of 28.25, a P/E/G ratio of 3.77 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, April 24th. The basic materials company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $277.60 million during the quarter, compared to the consensus estimate of $271.15 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that Alamos Gold will post 0.66 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. Alamos Gold’s payout ratio is 18.87%.

Institutional Investors Weigh In On Alamos Gold

Institutional investors and hedge funds have recently made changes to their positions in the business. Anchor Investment Management LLC bought a new stake in shares of Alamos Gold during the 4th quarter valued at about $27,000. AJOVista LLC acquired a new position in Alamos Gold during the 4th quarter worth approximately $83,000. Fifth Third Bancorp acquired a new position in Alamos Gold during the 4th quarter worth approximately $96,000. Venturi Wealth Management LLC raised its stake in Alamos Gold by 20.7% during the 1st quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after buying an additional 1,200 shares during the period. Finally, St. Johns Investment Management Company LLC acquired a new position in Alamos Gold during the 1st quarter worth approximately $115,000. 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.