Brokerages Set Alamos Gold Inc. (NYSE:AGI) Price Target at $26.06

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus recommendation of “Buy” by the five brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.06.

Several brokerages recently commented on AGI. Royal Bank of Canada raised their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, StockNews.com lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after buying an additional 856 shares in the last quarter. R Squared Ltd acquired a new position in shares of Alamos Gold during the 4th quarter worth about $61,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold in the 4th quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $136,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Alamos Gold stock opened at $26.52 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $11.15 billion, a P/E ratio of 38.44, a PEG ratio of 0.40 and a beta of 1.15. The business has a 50-day moving average of $23.54 and a 200-day moving average of $20.88. Alamos Gold has a 1 year low of $14.31 and a 1 year high of $27.25.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, equities analysts anticipate that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. Alamos Gold’s dividend payout ratio is currently 14.49%.

Alamos Gold Company Profile

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.