Alamos Gold Inc. (AGI) Receives $9.38 Consensus PT from Analysts
Shares of Alamos Gold Inc. (NYSE:AGI) have been assigned an average recommendation of “Hold” from the fourteen research firms that are covering the stock. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.38.
Several research analysts have recently weighed in on AGI shares. Credit Suisse Group AG raised shares of Alamos Gold from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $7.50 to $11.00 in a research report on Thursday, June 30th. Zacks Investment Research downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. TheStreet downgraded shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. Raymond James Financial Inc. raised shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th.
Shares of Alamos Gold (NYSE:AGI) opened at 7.70 on Tuesday. The stock has a 50 day moving average of $7.90 and a 200 day moving average of $7.68. Alamos Gold has a 52-week low of $2.27 and a 52-week high of $10.41. The firm’s market cap is $2.06 billion.
Alamos Gold (NYSE:AGI) last released its earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $120.10 million for the quarter, compared to the consensus estimate of $129.13 million. Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. The firm’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) earnings per share. Equities analysts predict that Alamos Gold will post $0.01 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid a $0.01 dividend. This represents a yield of 0.24%. The ex-dividend date is Wednesday, October 12th. Alamos Gold’s dividend payout ratio (DPR) is presently -5.41%.
A number of hedge funds have recently bought and sold shares of AGI. Aristotle Capital Boston LLC boosted its stake in Alamos Gold by 13.3% in the first quarter. Aristotle Capital Boston LLC now owns 283,676 shares of the company’s stock worth $1,501,000 after buying an additional 33,381 shares during the period. Princeton Alpha Management LP acquired a new stake in Alamos Gold during the second quarter worth about $145,000. CIBC World Markets Inc. boosted its stake in Alamos Gold by 1.3% in the first quarter. CIBC World Markets Inc. now owns 105,678 shares of the company’s stock worth $559,000 after buying an additional 1,385 shares during the period. Sun Valley Gold LLC boosted its stake in Alamos Gold by 4.8% in the first quarter. Sun Valley Gold LLC now owns 7,995,071 shares of the company’s stock worth $42,294,000 after buying an additional 363,700 shares during the period. Finally, Societe Generale acquired a new stake in Alamos Gold during the second quarter worth about $112,000. Hedge funds and other institutional investors own 60.54% of the company’s stock.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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