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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have earned an average rating of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $43.00.

Several analysts recently weighed in on the company. Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research note on Sunday. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd.

Alamos Gold Stock Down 1.6%

Shares of NYSE:AGI opened at $35.49 on Thursday. The company has a market cap of $14.93 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 0.51 and a beta of 0.63. Alamos Gold has a 12 month low of $17.80 and a 12 month high of $38.00. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $33.68 and a 200 day moving average price of $29.96.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. As a group, equities research analysts predict that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, December 4th. Alamos Gold’s dividend payout ratio is presently 7.81%.

Hedge Funds Weigh In On Alamos Gold

A number of large investors have recently bought and sold shares of AGI. 1620 Investment Advisors Inc. bought a new stake in shares of Alamos Gold during the third quarter worth $35,000. Ameritas Advisory Services LLC purchased a new position in Alamos Gold in the 2nd quarter worth about $30,000. Banque Transatlantique SA purchased a new position in Alamos Gold in the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its holdings in Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in Alamos Gold in the 1st quarter valued at about $67,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.