Analysts Set Alamos Gold Inc. (NYSE:AGI) Target Price at $43.00

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have earned an average rating of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $44.25.

A number of brokerages recently weighed in on AGI. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research report on Sunday, December 7th. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Finally, Desjardins began coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating for the company.

Alamos Gold Trading Up 2.3%

Shares of NYSE AGI opened at $43.61 on Friday. Alamos Gold has a twelve month low of $20.16 and a twelve month high of $45.18. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07. The firm has a market cap of $18.31 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 0.39 and a beta of 0.63. The business has a fifty day simple moving average of $38.71 and a two-hundred day simple moving average of $33.35.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. Alamos Gold’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. Analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Institutional Trading of Alamos Gold

A number of institutional investors have recently bought and sold shares of AGI. Van ECK Associates Corp raised its stake in shares of Alamos Gold by 35.3% during the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after buying an additional 11,876,324 shares during the last quarter. Norges Bank acquired a new stake in Alamos Gold during the second quarter worth about $144,808,000. Geode Capital Management LLC raised its position in Alamos Gold by 639.2% during the second quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock valued at $91,379,000 after acquiring an additional 2,923,478 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Alamos Gold by 29.3% in the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after acquiring an additional 2,521,347 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Alamos Gold by 32.3% in the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock valued at $238,990,000 after acquiring an additional 2,192,593 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.