Alamos Gold (NYSE:AGI) PT Raised to $18.00 at Royal Bank of Canada

Alamos Gold (NYSE:AGI) (TSE:AGI) had its target price increased by Royal Bank of Canada from $16.00 to $18.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

Several other equities analysts have also issued reports on AGI. Jefferies Financial Group boosted their price target on Alamos Gold from $14.00 to $18.00 and gave the company a buy rating in a research note on Monday. Bank of America upgraded Alamos Gold from a neutral rating to a buy rating and upped their price objective for the company from $21.75 to $27.25 in a research note on Tuesday, April 9th. National Bank Financial reiterated an outperform overweight rating on shares of Alamos Gold in a research note on Monday, April 8th. Finally, StockNews.com upgraded Alamos Gold from a hold rating to a buy rating in a research note on Sunday, April 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $18.15.

Alamos Gold Stock Down 1.5 %

Shares of AGI opened at $14.97 on Tuesday. Alamos Gold has a 12-month low of $10.78 and a 12-month high of $16.01. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 3.77 and a beta of 1.15. The stock’s 50-day moving average price is $13.72 and its 200 day moving average price is $13.22.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The firm had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts expect that Alamos Gold will post 0.66 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, March 13th. Alamos Gold’s payout ratio is currently 18.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AGI. AE Wealth Management LLC boosted its holdings in shares of Alamos Gold by 2.8% in the 3rd quarter. AE Wealth Management LLC now owns 38,692 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 1,049 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Alamos Gold by 23.4% in the 3rd quarter. SG Americas Securities LLC now owns 45,886 shares of the basic materials company’s stock worth $518,000 after acquiring an additional 8,694 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Alamos Gold by 14.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 55,886 shares of the basic materials company’s stock worth $631,000 after acquiring an additional 7,050 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Alamos Gold by 2.1% in the 3rd quarter. Raymond James & Associates now owns 271,033 shares of the basic materials company’s stock worth $3,060,000 after acquiring an additional 5,652 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Alamos Gold by 23.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 68,925 shares of the basic materials company’s stock worth $778,000 after buying an additional 12,991 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

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.