Alamos Gold Inc. (NYSE:AGI) Stock Has Consensus Price Target of $47.50 According to Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $47.50.

Several analysts have issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $42.00 price target on shares of Alamos Gold in a research report on Wednesday, September 16th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Jefferies Financial Group reduced their target price on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Finally, Weiss Ratings lowered Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd.

Alamos Gold Stock Up 0.1%

Shares of AGI stock opened at $32.48 on Wednesday. Alamos Gold has a 12 month low of $27.05 and a 12 month high of $55.41. The firm has a market cap of $13.59 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.44 and a beta of 0.59. The stock has a 50 day moving average of $34.16 and a 200-day moving average of $36.99. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.04.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. During the same period in the prior year, the business earned $0.34 earnings per share. Alamos Gold’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities analysts predict that Alamos Gold will post 2.11 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. Alamos Gold’s dividend payout ratio (DPR) is presently 5.78%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in Alamos Gold by 258.0% during the third quarter. Versant Capital Management Inc now owns 1,228 shares of the basic materials company’s stock worth $40,000 after buying an additional 885 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Alamos Gold by 50.1% in the 3rd quarter. Confluence Investment Management LLC now owns 55,378 shares of the basic materials company’s stock valued at $1,794,000 after buying an additional 18,475 shares in the last quarter. Andra AP fonden lifted its holdings in shares of Alamos Gold by 139.8% during the 2nd quarter. Andra AP fonden now owns 310,612 shares of the basic materials company’s stock worth $9,424,000 after acquiring an additional 181,100 shares during the period. Tidal Investments LLC lifted its holdings in shares of Alamos Gold by 1.8% during the 2nd quarter. Tidal Investments LLC now owns 59,014 shares of the basic materials company’s stock worth $1,790,000 after acquiring an additional 1,067 shares during the period. Finally, Engineers Gate Manager LP boosted its position in shares of Alamos Gold by 50.7% during the 2nd quarter. Engineers Gate Manager LP now owns 44,634 shares of the basic materials company’s stock valued at $1,354,000 after acquiring an additional 15,017 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

About Alamos Gold

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company’s activities include mining, processing and selling gold, as well as advancing exploration and development projects in established mining regions.

Alamos Gold’s principal operations are located in Ontario, Canada, and include the Young-Davidson and Island Gold mines, along with the Magino mine. The company also operates the Mulatos mining district in Sonora, Mexico, which includes the Mulatos mine and related deposits and exploration properties.

Founded in 2003, Alamos Gold has expanded through mine development, exploration and acquisitions in North America.