Brokerages Set Alamos Gold Inc. (NYSE:AGI) Target Price at $30.38

Key Points

• Alamos Gold Inc. has received a consensus rating of "Buy" from eight analysts, with an average price target of $30.38.
• Institutional investors recently increased their holdings in Alamos Gold, with Dimensional Fund Advisors LP raising their position by 296.6%, indicating strong investor confidence.
• The company reported a quarterly earnings per share (EPS) of $0.34, surpassing analyst estimates and showing a 31.7% year-over-year revenue growth.

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI have earned an average rating of "Buy" from the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $30.3750.

Several equities analysts have recently issued reports on AGI shares. Wall Street Zen upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America decreased their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, Stifel Nicolaus began coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company.

Alamos Gold Price Performance

AGI stock traded up $0.57 during trading on Friday, hitting $25.44. The company had a trading volume of 1,274,819 shares, compared to its average volume of 3,481,142. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a market cap of $10.69 billion, a P/E ratio of 30.68, a P/E/G ratio of 0.55 and a beta of 0.51. The company has a fifty day moving average price of $26.33 and a two-hundred day moving average price of $25.31. Alamos Gold has a fifty-two week low of $15.74 and a fifty-two week high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. Equities research analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold's dividend payout ratio (DPR) is presently 12.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Alamos Gold by 1.3% during the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock worth $433,133,000 after buying an additional 214,933 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Alamos Gold by 4.4% during the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock worth $138,932,000 after buying an additional 318,360 shares in the last quarter. Dimensional Fund Advisors LP grew 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. Mackenzie Financial Corp grew its stake in Alamos Gold by 2.0% in the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock valued at $135,855,000 after purchasing an additional 145,726 shares in the last quarter. Finally, FMR LLC grew its stake in Alamos Gold by 1.9% in the fourth quarter. FMR LLC now owns 6,497,058 shares of the basic materials company's stock valued at $119,864,000 after purchasing an additional 122,515 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors.

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.