Brokerages Set Alamos Gold Inc. (NYSE:AGI) Target Price at $30.38

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI have been given a consensus rating of "Buy" by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.38.

A number of research analysts recently issued reports on AGI shares. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC boosted its stake in shares of Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after acquiring an additional 500 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after acquiring an additional 614 shares during the period. Cheviot Value Management LLC boosted its stake in shares of Alamos Gold by 1.2% during the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock worth $1,346,000 after acquiring an additional 635 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after acquiring an additional 854 shares during the period. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Up 0.1%

Shares of NYSE AGI traded up $0.02 during mid-day trading on Thursday, reaching $27.52. 3,716,456 shares of the company's stock were exchanged, compared to its average volume of 2,808,044. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 0.40 and a beta of 0.55. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $26.94 and a 200 day simple moving average of $23.51. Alamos Gold has a twelve month low of $15.01 and a twelve month high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The firm had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, equities analysts expect that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. Alamos Gold's dividend payout ratio is 16.13%.

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.