Alamos Gold (NYSE:AGI) PT Raised to $18.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its price objective increased by Royal Bank of Canada from $16.00 to $18.00 in a research note released on Tuesday, Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other analysts have also commented on the stock. Bank of America upgraded shares of Alamos Gold from a neutral rating to a buy rating and boosted their price target for the company from $21.75 to $27.25 in a research note on Tuesday, April 9th. National Bank Financial reiterated an outperform overweight rating on shares of Alamos Gold in a research note on Monday, April 8th. Jefferies Financial Group upped their target price on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of Alamos Gold from a hold rating to a buy rating in a research note on Sunday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $18.15.

Alamos Gold Trading Up 2.1 %

Shares of AGI stock opened at $15.30 on Tuesday. The firm has a market capitalization of $6.09 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 3.79 and a beta of 1.15. The firm has a fifty day simple moving average of $13.79 and a two-hundred day simple moving average of $13.25. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $277.60 million during the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a net margin of 19.41% and a return on equity of 7.43%. Alamos Gold’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, equities analysts predict that Alamos Gold will post 0.66 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 19.23%.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cheviot Value Management LLC boosted its holdings in shares of Alamos Gold by 2.0% in the 4th quarter. Cheviot Value Management LLC now owns 51,927 shares of the basic materials company’s stock worth $699,000 after buying an additional 1,000 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Alamos Gold by 2.8% in the 3rd quarter. AE Wealth Management LLC now owns 38,692 shares of the basic materials company’s stock worth $437,000 after buying an additional 1,049 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Alamos Gold by 3.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,830 shares of the basic materials company’s stock worth $337,000 after buying an additional 1,109 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Alamos Gold by 3.6% in the 4th quarter. Natixis Advisors L.P. now owns 32,588 shares of the basic materials company’s stock worth $438,000 after buying an additional 1,137 shares during the last quarter. Finally, Kercheville Advisors LLC boosted its holdings in shares of Alamos Gold by 3.3% in the 4th quarter. Kercheville Advisors LLC now owns 37,200 shares of the basic materials company’s stock worth $501,000 after buying an additional 1,200 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

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.