Alamos Gold Inc. (NYSE:AGI) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Analysts: "Buy" — Alamos Gold has an average recommendation of Buy from 11 analysts (9 buy, 1 strong buy, 1 hold) with a mean 1‑year price target of about $50.67, and Scotiabank recently raised its target to $60.
• Quarterly results showed $0.54 EPS that matched estimates and revenue of $596.7M (slightly below expectations) but up 79.2% year‑over‑year, with a 51.24% net margin and analysts forecasting ~2.45 EPS for the fiscal year.
• Institutional ownership 64.33% — major funds (VanEck, Vanguard, Mackenzie, Arrowstreet, CIBC) increased holdings; the stock trades near $39.42 (1‑year range $23.75–$55.41) and the quarterly dividend was raised to $0.04 (annualized $0.16, ~0.4% yield).

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

Several research firms have commented on AGI. Scotiabank increased their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a "sector outperform" rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. Weiss Ratings downgraded shares of Alamos Gold from a "buy (b+)" rating to a "buy (b)" rating in a report on Friday. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Alamos Gold in a report on Wednesday, February 4th.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Alamos Gold by 35.3% in the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company's stock worth $1,587,666,000 after buying an additional 11,876,324 shares during the period. Vanguard Group Inc. increased its holdings in Alamos Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company's stock worth $678,291,000 after buying an additional 332,335 shares during the period. Mackenzie Financial Corp increased its holdings in Alamos Gold by 6.3% in the 3rd quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company's stock worth $332,724,000 after buying an additional 567,926 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Alamos Gold by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company's stock worth $351,072,000 after buying an additional 964,317 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in Alamos Gold by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company's stock worth $338,372,000 after buying an additional 514,819 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Down 1.3%

NYSE:AGI opened at $39.42 on Friday. Alamos Gold has a 1-year low of $23.75 and a 1-year high of $55.41. The company has a 50-day moving average of $46.45 and a 200 day moving average of $40.72. The firm has a market cap of $16.55 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.54 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.00 and a quick ratio of 1.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting analysts' consensus estimates of $0.54. The company had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.61%. The firm's revenue for the quarter was up 79.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, research analysts anticipate that Alamos Gold will post 2.45 EPS for the current fiscal year.

Alamos Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $0.04 dividend. This is a boost from Alamos Gold's previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 12th. This represents a $0.16 annualized dividend and a yield of 0.4%. Alamos Gold's dividend payout ratio is currently 6.37%.

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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