Brokerages Set Alamos Gold Inc. (NYSE:AGI) PT at $50.67

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $50.6667.

Several research firms recently commented on AGI. Scotiabank raised their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, February 6th. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st.

Alamos Gold Stock Down 4.8%

AGI stock opened at $37.72 on Thursday. The firm has a market cap of $15.84 billion, a PE ratio of 15.03, a P/E/G ratio of 0.51 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.01. The firm’s fifty day moving average is $43.09 and its 200 day moving average is $42.04. Alamos Gold has a one year low of $23.92 and a one year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue was up 79.2% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. On average, research analysts forecast that Alamos Gold will post 2.46 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be given a $0.04 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

Institutional Trading of Alamos Gold

Several institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position 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 worth $28,000 after acquiring an additional 222 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Alamos Gold by 2.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 229 shares during the last quarter. Clearstead Advisors LLC boosted its position in Alamos Gold by 62.8% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Sheets Smith Wealth Management boosted its position in Alamos Gold by 1.3% during the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after acquiring an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Alamos Gold by 3.2% during the third 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 last quarter. Institutional investors and hedge funds 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.