Alamos Gold Inc. (NYSE:AGI) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Analyst consensus: Eleven analysts give Alamos Gold an average rating of "Buy" (9 buys, 1 strong buy, 1 hold) with a one‑year average price target of $50.67 and recent upward targets such as Scotiabank's $60.
• Quarterly performance: Alamos reported EPS of $0.54 versus $0.49 expected and revenue of $575.3M (below estimates) but up 53.1% year‑over‑year; the company has a market cap of ~$19.5B and a P/E of ~22.1.
• Ownership and dividend: Institutional investors hold about 64.3% of the stock with several funds increasing positions, and Alamos raised its quarterly dividend to $0.04 (annualized $0.16, ~0.3% yield).

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI have been assigned an average rating of "Buy" from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $50.6667.

AGI has been the subject of a number of recent research reports. Scotiabank boosted their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a "sector outperform" rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Alamos Gold in a report on Wednesday, February 4th. Weiss Ratings lowered shares of Alamos Gold from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday, April 2nd. Finally, Wall Street Zen lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st.

Institutional Investors Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McAlvany Wealth Management LLC bought a new stake in Alamos Gold during the 4th quarter valued at $3,471,000. Rockefeller Capital Management L.P. raised its holdings in Alamos Gold by 4,647.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 58,921 shares of the basic materials company's stock valued at $2,273,000 after buying an additional 57,680 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Alamos Gold during the 4th quarter valued at $512,000. Groupama Asset Managment raised its holdings in Alamos Gold by 43.4% during the 4th quarter. Groupama Asset Managment now owns 454,387 shares of the basic materials company's stock valued at $17,530,000 after buying an additional 137,517 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Alamos Gold during the 4th quarter valued at $370,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 0.2%

Shares of AGI opened at $46.42 on Wednesday. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.63 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 2.00. Alamos Gold has a fifty-two week low of $23.75 and a fifty-two week high of $55.41. The firm has a 50 day moving average price of $45.22 and a 200-day moving average price of $39.34.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.05. The firm had revenue of $575.30 million during the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The business's quarterly revenue was up 53.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. As a group, equities research analysts forecast that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. This is an increase from Alamos Gold's previous quarterly dividend of $0.03. Alamos Gold's dividend payout ratio (DPR) is currently 7.62%.

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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