Alamos Gold Inc. (NYSE:AGI) Receives $50.67 Average Price Target from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received an average rating of “Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $53.00.

Several research analysts have commented on AGI shares. Weiss Ratings downgraded Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Bank of America lowered their price objective on Alamos Gold from $57.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $31.29 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $39.46 and its two-hundred day moving average is $41.94. The company has a market cap of $13.12 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.41 and a beta of 0.49. Alamos Gold has a 12 month low of $23.92 and a 12 month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. On average, equities analysts expect that Alamos Gold will post 2.38 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Alamos Gold’s payout ratio is currently 6.37%.

Institutional Trading of Alamos Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC increased its position in shares of Alamos Gold by 62.8% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares during the period. Parallel Advisors LLC bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $35,000. Finally, Bayforest Capital Ltd acquired a new stake in Alamos Gold in the 4th quarter valued at $44,000. 64.33% of the stock is currently owned by institutional investors.

About Alamos Gold

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.