Alamos Gold Inc. (NYSE:AGI) Receives $26.06 Average Target Price from Brokerages

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given an average recommendation of “Buy” by the five research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.81.

A number of analysts recently issued reports on AGI shares. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Finally, National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC grew its stake in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after buying an additional 531 shares in the last quarter. Baird Financial Group Inc. grew its position in Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock worth $3,349,000 after acquiring an additional 614 shares in the last quarter. Veracity Capital LLC increased its stake in Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after acquiring an additional 694 shares during the last quarter. Captrust Financial Advisors raised its position in Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 728 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Alamos Gold by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after purchasing an additional 854 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

NYSE AGI opened at $24.54 on Friday. The firm has a market cap of $10.32 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $23.76 and its 200-day moving average is $20.95. Alamos Gold has a 12-month low of $14.31 and a 12-month high of $27.32.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Sell-side analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

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

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.