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

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 stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $47.50.

Several analysts have recently weighed in on AGI shares. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Royal Bank Of Canada restated an “outperform” rating and set a $42.00 price target on shares of Alamos Gold in a research note on Wednesday, September 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Bank of America reduced their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings downgraded Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Alamos Gold by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock worth $351,072,000 after buying an additional 964,317 shares during the last quarter. CIBC Asset Management Inc lifted its position in Alamos Gold by 6.3% during the 4th quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company’s stock worth $338,372,000 after acquiring an additional 514,819 shares during the period. Norges Bank acquired a new stake in Alamos Gold during the 4th quarter worth approximately $219,475,000. Renaissance Technologies LLC grew its stake in shares of Alamos Gold by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock valued at $227,400,000 after purchasing an additional 92,227 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Alamos Gold by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 4,219,852 shares of the basic materials company’s stock worth $168,031,000 after purchasing an additional 242,415 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 1.5%

NYSE AGI opened at $32.78 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. The firm’s fifty day moving average price is $34.29 and its 200 day moving average price is $36.83. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.44 and a beta of 0.59. Alamos Gold has a 12 month low of $27.05 and a 12 month high of $55.41.

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

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.04 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.16 annualized dividend and a yield of 0.5%. Alamos Gold’s dividend payout ratio is 5.78%.

Alamos Gold Company Profile

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.