Alamos Gold Inc. (NYSE:AGI) Receives Consensus Rating of “Hold” from Brokerages
Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.19.
A number of research analysts have issued reports on AGI shares. Zacks Investment Research lowered shares of Alamos Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, April 28th. National Bank Financial reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, February 2nd. JPMorgan Chase & Co. assumed coverage on shares of Alamos Gold in a research report on Wednesday, February 10th. They set a “neutral” rating on the stock. Finally, CIBC reduced their price target on shares of Alamos Gold from $19.25 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, February 8th.
Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Alamos Gold by 24.6% during the first quarter. Commonwealth Equity Services LLC now owns 43,714 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 8,635 shares during the last quarter. Berkeley Capital Partners LLC bought a new position in shares of Alamos Gold during the first quarter valued at $230,000. Flagship Harbor Advisors LLC bought a new position in shares of Alamos Gold during the first quarter valued at $80,000. PCJ Investment Counsel Ltd. raised its stake in Alamos Gold by 120.0% during the first quarter. PCJ Investment Counsel Ltd. now owns 538,700 shares of the basic materials company’s stock worth $4,209,000 after buying an additional 293,790 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in Alamos Gold by 16.7% during the first quarter. Lee Danner & Bass Inc. now owns 14,000 shares of the basic materials company’s stock worth $109,000 after buying an additional 2,000 shares during the last quarter. 55.74% of the stock is owned by hedge funds and other institutional investors.
Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Tuesday, April 27th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Alamos Gold had a net margin of 14.88% and a return on equity of 4.74%. The firm had revenue of $227.40 million for the quarter, compared to analyst estimates of $233.07 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue was up 28.5% compared to the same quarter last year. Equities analysts expect that Alamos Gold will post 0.41 earnings per share for the current year.
The firm also recently declared a dividend, which was paid on Wednesday, March 31st. Stockholders of record on Wednesday, March 17th were paid a dividend of $0.025 per share. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, March 16th. Alamos Gold’s payout ratio is currently 40.00%.
Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold in North America, Canada, and Mexico. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 ha located in Northern Ontario, Canada.
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