Alamos Gold (NYSE:AGI) Research Coverage Started at began coverage on shares of Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) in a report issued on Thursday morning. The brokerage issued a hold rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on the company. Canaccord Genuity Group cut Alamos Gold from a buy rating to a hold rating in a report on Thursday, January 19th. CIBC raised their price target on Alamos Gold from C$17.50 to C$18.50 in a report on Tuesday, February 7th. TheStreet raised Alamos Gold from a c+ rating to a b- rating in a report on Friday, December 2nd. National Bank Financial raised their price target on Alamos Gold from C$17.50 to C$18.00 in a report on Tuesday, February 14th. Finally, Scotiabank upgraded Alamos Gold from a sector perform rating to a sector outperform rating and increased their price objective for the company from $10.00 to $11.00 in a research report on Tuesday, November 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $15.50.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $11.32 on Thursday. Alamos Gold has a one year low of $6.35 and a one year high of $11.61. The business’s fifty day moving average price is $10.66 and its 200-day moving average price is $9.26. The stock has a market capitalization of $4.46 billion, a PE ratio of 113.20, a P/E/G ratio of 1.55 and a beta of 1.05.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last issued its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $231.90 million for the quarter, compared to analysts’ expectations of $232.00 million. Alamos Gold had a return on equity of 4.03% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. As a group, equities analysts expect that Alamos Gold will post 0.41 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Thursday, March 16th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, March 15th. This represents a $0.10 annualized dividend and a yield of 0.88%. Alamos Gold’s payout ratio is 100.00%.

Institutional Investors Weigh In On Alamos Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management purchased a new stake in Alamos Gold in the 4th quarter worth approximately $47,000. Eagle Bay Advisors LLC purchased a new stake in Alamos Gold in the 2nd quarter worth approximately $37,000. Exchange Traded Concepts LLC purchased a new stake in Alamos Gold in the 3rd quarter worth approximately $43,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Alamos Gold in the 4th quarter worth approximately $81,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock worth $83,000 after buying an additional 3,665 shares during the period. Hedge funds and other institutional investors own 50.22% of the company’s stock.

About Alamos Gold

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Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.

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