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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has been given an average recommendation of "Buy" by the five research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.38.

Several equities analysts recently weighed in on AGI shares. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America reduced 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. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th.

Alamos Gold Stock Up 2.2%

Shares of AGI traded up $0.58 during mid-day trading on Friday, hitting $26.26. 3,043,095 shares of the company's stock were exchanged, compared to its average volume of 2,711,992. The company has a market cap of $11.04 billion, a PE ratio of 38.05, a P/E/G ratio of 0.40 and a beta of 0.60. Alamos Gold has a 52 week low of $15.01 and a 52 week high of $31.00. The company has a 50-day simple moving average of $26.72 and a 200 day simple moving average of $22.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results 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). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. During the same period in the prior year, the business posted $0.13 earnings per share. Alamos Gold's quarterly revenue was up 20.0% compared to the same quarter last year. On average, research analysts forecast that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 16.13%.

Institutional Investors Weigh In On Alamos Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Alamos Gold by 1.3% in the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock valued at $433,133,000 after purchasing an additional 214,933 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Alamos Gold by 17.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock valued at $173,991,000 after purchasing an additional 1,424,550 shares in the last quarter. CIBC Asset Management Inc raised its stake in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. Renaissance Technologies LLC raised its stake in Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock valued at $138,932,000 after purchasing an additional 318,360 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after purchasing an additional 5,516,186 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

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.