Alamos Gold Inc. (NYSE:AGI) Given Average Recommendation of “Buy” by Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received a consensus recommendation of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.06.

Several research analysts recently weighed in on AGI shares. Jefferies Financial Group upped their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd.

Alamos Gold Stock Down 5.3 %

Shares of NYSE:AGI opened at $18.06 on Thursday. The firm has a fifty day moving average price of $19.44 and a two-hundred day moving average price of $18.44. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. Alamos Gold has a one year low of $11.24 and a one year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The business had revenue of $360.90 million for the quarter. Analysts anticipate that Alamos Gold will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently bought and sold shares of the stock. Raymond James & Associates grew its holdings in shares of Alamos Gold by 1.6% in the second quarter. Raymond James & Associates now owns 317,959 shares of the basic materials company’s stock worth $4,986,000 after purchasing an additional 5,075 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Alamos Gold by 3.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 1,282 shares during the last quarter. Mcrae Capital Management Inc. increased its position in shares of Alamos Gold by 77.5% in the second quarter. Mcrae Capital Management Inc. now owns 22,900 shares of the basic materials company’s stock valued at $359,000 after acquiring an additional 10,000 shares during the period. HMS Capital Management LLC bought a new position in shares of Alamos Gold during the second quarter valued at about $405,000. Finally, Easterly Investment Partners LLC boosted its holdings in shares of Alamos Gold by 0.6% during the second quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock worth $4,358,000 after purchasing an additional 1,673 shares during the period. 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.