Alamos Gold Inc. (NYSE:AGI) Receives Average Recommendation of “Moderate Buy” from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $47.50.

Several analysts have recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Bank of America reduced their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group decreased their price target on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada dropped their price objective on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th.

Alamos Gold Trading Up 0.3%

Shares of AGI stock opened at $33.25 on Tuesday. The company has a market cap of $13.92 billion, a P/E ratio of 12.00, a PEG ratio of 0.43 and a beta of 0.56. The stock has a 50 day simple moving average of $31.82 and a two-hundred day simple moving average of $39.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07. Alamos Gold has a fifty-two week low of $25.31 and a fifty-two week high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The firm had revenue of $594.10 million for the quarter, compared to analyst estimates of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. Research analysts forecast that Alamos Gold will post 2.18 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio is 5.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in 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. O Shaughnessy Asset Management LLC raised its stake in shares of Alamos Gold by 2.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after buying an additional 229 shares during the period. Clearstead Advisors LLC lifted its position in shares of Alamos Gold by 62.7% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after acquiring an additional 300 shares during the period. Finally, Coastal Bridge Advisors LLC increased its holdings in Alamos Gold by 1.8% in the 4th quarter. Coastal Bridge Advisors LLC now owns 16,907 shares of the basic materials company’s stock worth $654,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Company Profile

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.