Alamos Gold Inc. (NYSE:AGI) Receives $30.38 Consensus Target Price from Brokerages

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has received an average recommendation of "Buy" from the five analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.38.

A number of research analysts recently weighed in on the stock. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada boosted their target price 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. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

Institutional Trading of Alamos Gold

A number of large investors have recently made changes to their positions in AGI. Banque Transatlantique SA purchased a new position in Alamos Gold in the first quarter worth about $31,000. Sunbelt Securities Inc. purchased a new stake in Alamos Gold during the 1st quarter valued at $41,000. SBI Securities Co. Ltd. lifted its position in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the last quarter. Blue Trust Inc. boosted its stake in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares during the period. Finally, SVB Wealth LLC bought a new position in Alamos Gold during the first quarter valued at $67,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Down 1.3%

Shares of AGI traded down $0.34 on Friday, hitting $25.77. 1,533,394 shares of the stock traded hands, compared to its average volume of 2,707,075. The company has a market capitalization of $10.84 billion, a PE ratio of 37.38, a P/E/G ratio of 0.40 and a beta of 0.60. Alamos Gold has a one year low of $15.01 and a one year high of $31.00. 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 business has a 50 day simple moving average of $26.71 and a 200 day simple moving average of $22.55.

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

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.39%. Alamos Gold's dividend payout ratio (DPR) is currently 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.