Alamos Gold Inc. (AGI) – What Are Researchers Saying About This Stock?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $47.50.

A number of research firms have recently issued reports on AGI. Jefferies Financial Group cut 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. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price target on shares of Alamos Gold in a report on Wednesday, September 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research report on Thursday. Finally, Bank of America reduced their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th.

Alamos Gold Trading Down 4.6%

Shares of AGI stock opened at $27.49 on Friday. Alamos Gold has a 1 year low of $26.92 and a 1 year high of $55.41. The firm’s fifty day simple moving average is $33.89 and its 200 day simple moving average is $38.18. The firm has a market capitalization of $11.51 billion, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 0.43 and a beta of 0.59. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.52 by $0.07. Alamos Gold had a return on equity of 19.29% and a net margin of 46.66%. The firm had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. As a group, sell-side analysts predict that Alamos Gold will post 2.06 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $0.04 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGI. McAlvany Wealth Management LLC increased its position in Alamos Gold by 47.5% in the third quarter. McAlvany Wealth Management LLC now owns 173,849 shares of the basic materials company’s stock worth $5,631,000 after purchasing an additional 56,011 shares during the period. Trek Financial LLC bought a new stake in Alamos Gold during the 3rd quarter worth about $13,107,000. Accordant Advisory Group Inc raised its holdings in Alamos Gold by 25.1% during the 3rd quarter. Accordant Advisory Group Inc now owns 140,967 shares of the basic materials company’s stock worth $4,566,000 after purchasing an additional 28,271 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Alamos Gold by 6.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 96,818 shares of the basic materials company’s stock valued at $3,136,000 after purchasing an additional 5,823 shares during the period. Finally, Vise Technologies Inc. acquired a new position in Alamos Gold during the 3rd quarter valued at about $410,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of gold mines. The company produces gold doré and concentrate from its mining operations and also evaluates opportunities to expand existing assets and develop new projects.

Alamos Gold’s principal operations are located in Ontario, Canada, including the Young-Davidson underground mine and the Island Gold underground mine. The company also operates the Magino open-pit mine in Ontario, which became part of its portfolio through the acquisition of Argonaut Gold.