Alamos Gold Inc. (NYSE:AGI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.15.

Several brokerages have recently weighed in on AGI. Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.75 to $27.25 in a research report on Tuesday, April 9th. Jefferies Financial Group increased 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. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Royal Bank of Canada upped their price target on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th.

Alamos Gold Trading Up 3.2 %

Shares of AGI stock opened at $16.09 on Thursday. The firm’s 50 day moving average is $15.93 and its 200 day moving average is $14.18. The stock has a market capitalization of $6.42 billion, a P/E ratio of 30.94, a PEG ratio of 0.71 and a beta of 1.16. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $17.29.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $277.60 million for the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, equities analysts predict that Alamos Gold will post 0.7 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio is currently 19.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in Alamos Gold by 4.9% during the third quarter. Invesco Ltd. now owns 3,764,554 shares of the basic materials company’s stock valued at $42,502,000 after purchasing an additional 175,117 shares in the last quarter. Trexquant Investment LP increased its position in shares of Alamos Gold by 103.0% during the 3rd quarter. Trexquant Investment LP now owns 330,687 shares of the basic materials company’s stock valued at $3,733,000 after purchasing an additional 167,794 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Alamos Gold by 33.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 68,000 shares of the basic materials company’s stock valued at $768,000 after buying an additional 17,200 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Alamos Gold by 1.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 855,745 shares of the basic materials company’s stock worth $9,697,000 after buying an additional 10,107 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Alamos Gold by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 3,339,827 shares of the basic materials company’s stock worth $37,685,000 after buying an additional 428,780 shares during the last quarter. 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.