Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Consensus Target Price from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have received an average rating of “Buy” from the five analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $25.06.

A number of brokerages have recently issued reports on AGI. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Institutional Trading of Alamos Gold

A number of institutional investors and hedge funds have recently modified their holdings of AGI. Principal Financial Group Inc. boosted its holdings in shares of Alamos Gold by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock worth $34,655,000 after buying an additional 61,700 shares during the last quarter. Tidal Investments LLC raised its position in Alamos Gold by 267.0% in the third quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company’s stock worth $1,371,000 after acquiring an additional 50,005 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Alamos Gold in the third quarter valued at about $413,000. Virtu Financial LLC bought a new position in shares of Alamos Gold during the 3rd quarter valued at approximately $724,000. Finally, Toronto Dominion Bank grew its position in shares of Alamos Gold by 20.6% during the 3rd quarter. Toronto Dominion Bank now owns 178,946 shares of the basic materials company’s stock valued at $3,568,000 after acquiring an additional 30,548 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 1.2 %

Shares of Alamos Gold stock opened at $18.33 on Thursday. The stock has a market capitalization of $7.70 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45. The stock has a 50 day moving average price of $19.38 and a two-hundred day moving average price of $18.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, equities analysts anticipate that Alamos Gold will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s payout ratio is 16.67%.

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.