Alamos Gold Inc. (NYSE:AGI) Given Average Rating of "Buy" by Analysts

Key Points

• Alamos Gold Inc. has been given an average rating of "Buy" by analysts, with seven firms recommending a buy and three a strong buy, while the average price target is set at $31.17.
• The company has seen significant institutional interest, with hedge funds owning 64.33% of its stock and several investors increasing their positions recently.
• Alamos Gold reported a quarterly revenue increase of 31.7% year-over-year, with earnings of $0.34 per share, surpassing analyst estimates of $0.33.

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has been given an average rating of "Buy" by the eleven research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.1667.

Several equities analysts have weighed in on the stock. BMO Capital Markets restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, September 16th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Zacks Research upgraded Alamos Gold from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Finally, CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in AGI. Wealth Enhancement Advisory Services LLC acquired a new stake in Alamos Gold in the 1st quarter worth about $320,000. Sowell Financial Services LLC lifted its holdings in shares of Alamos Gold by 83.7% during the 1st quarter. Sowell Financial Services LLC now owns 125,773 shares of the basic materials company's stock worth $3,363,000 after acquiring an additional 57,301 shares during the period. Louisbourg Investments Inc. purchased a new position in shares of Alamos Gold during the 1st quarter worth about $3,223,000. NBT Bank N A NY purchased a new position in shares of Alamos Gold during the 1st quarter worth about $190,000. Finally, Medici Capital LLC acquired a new position in Alamos Gold during the first quarter worth approximately $748,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

AGI opened at $34.10 on Wednesday. The stock has a market cap of $14.34 billion, a P/E ratio of 41.08, a P/E/G ratio of 0.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The stock's 50 day simple moving average is $31.02 and its 200 day simple moving average is $28.10. Alamos Gold has a 1-year low of $17.42 and a 1-year high of $35.61.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, equities analysts anticipate that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio is presently 12.05%.

Alamos Gold Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.