Alamos Gold Inc. (NYSE:AGI) Receives $30.38 Average 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 brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.38.

Several equities analysts have recently weighed in on AGI shares. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Royal Bank Of Canada lifted their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Finally, National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st.

Alamos Gold Stock Up 2.8%

Shares of AGI stock traded up $0.75 during trading hours on Monday, hitting $27.74. 3,336,112 shares of the company were exchanged, compared to its average volume of 3,457,696. Alamos Gold has a 52 week low of $15.74 and a 52 week high of $31.00. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $26.39 and a two-hundred day moving average of $24.33. The company has a market capitalization of $11.66 billion, a PE ratio of 44.74, a PEG ratio of 0.53 and a beta of 0.54.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. During the same quarter last year, the company posted $0.13 EPS. Alamos Gold's revenue for the quarter was up 20.0% on a year-over-year basis. Analysts anticipate that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is currently 16.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGI. Vanguard Group Inc. lifted its stake in Alamos Gold by 1.3% in the 1st 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 during 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 buying an additional 1,424,550 shares during the period. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 318,360 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after acquiring an additional 5,516,186 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Alamos Gold by 2.0% during the 4th quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after acquiring an additional 145,726 shares during the last quarter. Institutional investors 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.