Alamos Gold Inc. (NYSE:AGI) Receives $16.95 Average Price Target from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.95.

Several research analysts have commented on AGI shares. Royal Bank of Canada raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $12.00 to $16.00 in a research note on Thursday, January 11th. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a report on Monday, April 8th. Jefferies Financial Group began coverage on shares of Alamos Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $14.00 price objective for the company. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 14th. Finally, Bank of America upgraded Alamos Gold from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th.

Institutional Investors Weigh In On Alamos Gold

Institutional investors and hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in shares of Alamos Gold by 9.4% during the fourth quarter. Mackenzie Financial Corp now owns 3,011,874 shares of the basic materials company’s stock valued at $40,525,000 after buying an additional 258,688 shares during the period. Raymond James & Associates increased its position in Alamos Gold by 74.5% during the 4th quarter. Raymond James & Associates now owns 472,938 shares of the basic materials company’s stock valued at $6,370,000 after purchasing an additional 201,905 shares during the period. Vanguard Group Inc. raised its holdings in shares of Alamos Gold by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company’s stock valued at $160,349,000 after purchasing an additional 202,396 shares in the last quarter. Genus Capital Management Inc. lifted its position in shares of Alamos Gold by 367.0% in the 3rd quarter. Genus Capital Management Inc. now owns 326,000 shares of the basic materials company’s stock worth $3,694,000 after purchasing an additional 256,200 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Alamos Gold by 1,254.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 59,386 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 55,000 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Up 1.6 %

Alamos Gold stock opened at $15.30 on Friday. The company’s 50-day moving average price is $13.45 and its 200-day moving average price is $13.12. The company has a market cap of $6.09 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 3.76 and a beta of 1.15. Alamos Gold has a twelve month low of $10.78 and a twelve month high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 earnings per share. As a group, sell-side analysts expect that Alamos Gold will post 0.65 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. Alamos Gold’s payout ratio is 18.87%.

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.