Alamos Gold Inc. (AGI) Receives $10.30 Consensus PT from Brokerages
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has received an average rating of “Hold” from the thirteen analysts that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.30.
A number of analysts have recently issued reports on AGI shares. Zacks Investment Research upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, August 2nd. TD Securities reiterated a “hold” rating and issued a $11.50 price objective (up from $10.00) on shares of Alamos Gold in a report on Saturday, August 13th. TheStreet downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a report on Wednesday, August 31st. National Bank Financial upgraded shares of Alamos Gold from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG set a $11.00 price objective on shares of Alamos Gold and gave the company a “buy” rating in a report on Saturday, November 12th.
Alamos Gold (NYSE:AGI) opened at 6.40 on Tuesday. The stock has a 50 day moving average of $7.83 and a 200 day moving average of $7.99. The firm’s market capitalization is $1.71 billion. Alamos Gold has a 12-month low of $2.27 and a 12-month high of $10.41.
Alamos Gold (NYSE:AGI) last announced its earnings results on Thursday, November 10th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $125.60 million for the quarter, compared to the consensus estimate of $134.57 million. Alamos Gold had a negative net margin of 12.41% and a negative return on equity of 2.01%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted ($0.13) EPS. Equities research analysts anticipate that Alamos Gold will post $0.01 earnings per share for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 14th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, October 12th. This represents a yield of 0.24%. Alamos Gold’s dividend payout ratio (DPR) is -9.09%.
A number of institutional investors have recently added to or reduced their stakes in AGI. Sun Valley Gold LLC boosted its position in Alamos Gold by 4.8% in the first quarter. Sun Valley Gold LLC now owns 7,995,071 shares of the company’s stock worth $42,294,000 after buying an additional 363,700 shares during the period. Aristotle Capital Boston LLC boosted its stake in shares of Alamos Gold by 13.3% in the first quarter. Aristotle Capital Boston LLC now owns 283,676 shares of the company’s stock worth $1,501,000 after buying an additional 33,381 shares during the last quarter. Moore Capital Management LP acquired a new stake in shares of Alamos Gold during the first quarter worth about $434,000. Royal Bank of Canada boosted its stake in shares of Alamos Gold by 8,946.8% in the first quarter. Royal Bank of Canada now owns 3,179,411 shares of the company’s stock worth $16,820,000 after buying an additional 3,144,267 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in shares of Alamos Gold by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 437,097 shares of the company’s stock worth $3,759,000 after buying an additional 11,364 shares during the last quarter. 58.84% of the stock is owned by hedge funds and other institutional investors.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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