Alamos Gold Inc. (NYSE:AGI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $47.50.

AGI has been the topic of several research reports. Zacks Research lowered Alamos Gold from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Jefferies Financial Group lowered their price objective on Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Alamos Gold from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Bank of America dropped their target price on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Thursday.

Institutional Investors Weigh In On Alamos Gold

Hedge funds and other institutional investors have recently bought and sold shares of the business. McAlvany Wealth Management LLC increased its position in Alamos Gold by 47.5% during the 3rd quarter. McAlvany Wealth Management LLC now owns 173,849 shares of the basic materials company’s stock valued at $5,631,000 after buying an additional 56,011 shares in the last quarter. Trek Financial LLC purchased a new position in Alamos Gold during the third quarter valued at $13,107,000. Accordant Advisory Group Inc boosted its holdings in Alamos Gold by 25.1% in the third quarter. Accordant Advisory Group Inc now owns 140,967 shares of the basic materials company’s stock worth $4,566,000 after acquiring an additional 28,271 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Alamos Gold by 6.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 96,818 shares of the basic materials company’s stock worth $3,136,000 after acquiring an additional 5,823 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in shares of Alamos Gold in the third quarter worth $410,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI opened at $28.79 on Friday. The company has a 50-day simple moving average of $34.08 and a two-hundred day simple moving average of $38.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $12.05 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59. Alamos Gold has a one year low of $27.05 and a one year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a return on equity of 19.29% and a net margin of 46.66%. The firm had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, analysts anticipate that Alamos Gold will post 2.06 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 10th. Alamos Gold’s dividend payout ratio (DPR) is 5.78%.

About Alamos Gold

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of gold mines. The company produces gold doré and concentrate from its mining operations and also evaluates opportunities to expand existing assets and develop new projects.

Alamos Gold’s principal operations are located in Ontario, Canada, including the Young-Davidson underground mine and the Island Gold underground mine. The company also operates the Magino open-pit mine in Ontario, which became part of its portfolio through the acquisition of Argonaut Gold.