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

Key Points

• Analysts rate Alamos Gold “Moderate Buy”: Eight of 10 analysts recommend buying the stock, while two rate it a hold. The average one-year price target is $47.50.
• Institutional investors and hedge funds own 64.33% of the company, with Vanguard, Arrowstreet Capital and CIBC Asset Management among major holders that increased their positions.
• Alamos Gold exceeded quarterly expectations, reporting $0.59 in EPS versus the $0.52 consensus and $594.1 million in revenue. Revenue rose 35.6% year over year, and the company maintains a $0.16 annualized dividend yielding approximately 0.5%.

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has received an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $47.50.

A number of research firms have weighed in on AGI. Jefferies Financial Group reduced their target price on shares of Alamos Gold from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Alamos Gold in a report on Saturday, June 20th. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Weiss Ratings lowered Alamos Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, July 23rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 14th.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Alamos Gold by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company's stock valued at $678,291,000 after purchasing an additional 332,335 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Alamos Gold by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company's stock valued at $351,072,000 after purchasing an additional 964,317 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Alamos Gold by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company's stock valued at $338,372,000 after purchasing an additional 514,819 shares during the last quarter. Norges Bank acquired a new stake in shares of Alamos Gold during the fourth quarter worth $219,475,000. Finally, Renaissance Technologies LLC increased its position in shares of Alamos Gold by 1.8% during the first quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company's stock worth $227,400,000 after buying an additional 92,227 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of AGI stock opened at $33.25 on Tuesday. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.43 and a beta of 0.56. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. The business's 50-day moving average price is $31.82 and its 200-day moving average price is $39.86. Alamos Gold has a 12 month low of $25.31 and a 12 month high of $55.41.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The firm's revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities research analysts forecast that Alamos Gold will post 2.18 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold's dividend payout ratio is presently 5.78%.

About Alamos Gold

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.

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