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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $44.25.

AGI has been the topic of a number of research analyst reports. Bank of America raised their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. TD Securities restated a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Finally, Scotiabank lifted their price target on Alamos Gold from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday.

Alamos Gold Stock Performance

NYSE:AGI opened at $42.09 on Friday. The stock’s 50-day simple moving average is $39.11 and its 200 day simple moving average is $33.48. The firm has a market capitalization of $17.67 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 0.41 and a beta of 0.63. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. Alamos Gold has a twelve month low of $20.73 and a twelve month high of $45.18.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts anticipate that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.10 annualized dividend and a yield of 0.2%. Alamos Gold’s dividend payout ratio (DPR) is currently 7.81%.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Empowered Funds LLC acquired a new position in Alamos Gold during the 1st quarter worth about $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Alamos Gold by 129.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after buying an additional 571,536 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Alamos Gold by 20.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock valued at $390,000 after buying an additional 2,493 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in shares of Alamos Gold in the second quarter valued at about $201,000. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.