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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has earned a consensus recommendation of "Buy" from the five brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.38.

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

Institutional Investors Weigh In On Alamos Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Banque Transatlantique SA bought a new position in Alamos Gold in the 1st quarter valued at about $31,000. Sunbelt Securities Inc. bought a new position in shares of Alamos Gold during the first quarter worth approximately $41,000. SBI Securities Co. Ltd. increased its holdings in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the period. SVB Wealth LLC bought a new position in shares of Alamos Gold during the first quarter worth approximately $67,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Alamos Gold during the first quarter worth approximately $68,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

NYSE AGI traded up $0.02 during trading on Thursday, reaching $27.52. 3,716,456 shares of the company traded hands, compared to its average volume of 2,804,570. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock's 50 day moving average price is $26.94 and its two-hundred day moving average price is $23.48. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 0.40 and a beta of 0.55. Alamos Gold has a 1-year low of $15.01 and a 1-year 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 for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million during 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 business's revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, analysts anticipate that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

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