Alamos Gold Inc. (NYSE:AGI) Receives $41.00 Average PT from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.00.

Several equities research analysts have recently weighed in on AGI shares. Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Bank of America upped their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AGI. Swiss Life Asset Management Ltd raised its position in Alamos Gold by 13.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 28,217 shares of the basic materials company’s stock valued at $985,000 after purchasing an additional 3,379 shares in the last quarter. Groupama Asset Managment increased its stake in shares of Alamos Gold by 13.8% during the third quarter. Groupama Asset Managment now owns 316,870 shares of the basic materials company’s stock valued at $11,046,000 after buying an additional 38,441 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Alamos Gold by 93.2% during the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after buying an additional 2,307 shares during the period. Danske Bank A S bought a new stake in shares of Alamos Gold in the third quarter valued at about $476,000. Finally, Advisory Services Network LLC bought a new stake in shares of Alamos Gold in the third quarter valued at about $210,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

AGI stock opened at $36.12 on Thursday. The stock has a market cap of $15.20 billion, a PE ratio of 28.22, a P/E/G ratio of 0.51 and a beta of 0.63. Alamos Gold has a 12 month low of $17.80 and a 12 month high of $38.00. The company has a 50-day moving average price of $33.66 and a 200 day moving average price of $29.86. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business had revenue of $462.30 million during the quarter, compared to the consensus estimate of $490.96 million. During the same quarter last year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Equities research analysts anticipate that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, December 4th. Alamos Gold’s payout ratio is currently 7.81%.

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.