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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.06.

Several analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Scotiabank boosted their price target on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday. Jefferies Financial Group raised their price objective on Alamos Gold from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th.

Alamos Gold Stock Performance

Alamos Gold stock opened at $19.91 on Friday. The business’s 50-day simple moving average is $16.85 and its 200-day simple moving average is $15.27. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $20.24. The firm has a market capitalization of $7.95 billion, a PE ratio of 38.28, a PEG ratio of 0.78 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. Alamos Gold had a return on equity of 8.63% and a net margin of 17.73%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. Research analysts forecast that Alamos Gold will post 0.72 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.50%. Alamos Gold’s payout ratio is presently 19.23%.

Institutional Trading of Alamos Gold

Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Alamos Gold by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,692 shares of the basic materials company’s stock valued at $1,199,000 after purchasing an additional 4,807 shares in the last quarter. Ninety One UK Ltd boosted its position in Alamos Gold by 84.9% in the fourth quarter. Ninety One UK Ltd now owns 3,002,701 shares of the basic materials company’s stock valued at $40,580,000 after buying an additional 1,378,456 shares in the last quarter. Duality Advisers LP bought a new stake in Alamos Gold during the fourth quarter worth about $614,000. Pekin Hardy Strauss Inc. increased its holdings in shares of Alamos Gold by 1.9% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 192,770 shares of the basic materials company’s stock worth $2,597,000 after buying an additional 3,650 shares in the last quarter. Finally, Beck Bode LLC bought a new position in shares of Alamos Gold in the fourth quarter valued at approximately $1,310,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

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.