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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has earned an average recommendation of "Buy" from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $30.38.

AGI has been the subject of several analyst reports. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Bank of America lowered their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors have recently modified their holdings of AGI. Barclays PLC boosted its stake in shares of Alamos Gold by 46.6% during the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after acquiring an additional 102,525 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Alamos Gold by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after purchasing an additional 29,933 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Alamos Gold during the 3rd quarter worth approximately $724,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Alamos Gold during the 3rd quarter worth approximately $413,000. Finally, Tidal Investments LLC raised its position in shares of Alamos Gold by 267.0% during the 3rd quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company's stock worth $1,371,000 after purchasing an additional 50,005 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

AGI stock traded up $0.47 on Wednesday, hitting $28.43. The company's stock had a trading volume of 2,820,688 shares, compared to its average volume of 2,545,057. The firm has a 50 day moving average of $25.94 and a two-hundred day moving average of $21.95. Alamos Gold has a 1 year low of $14.64 and a 1 year high of $31.00. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Equities analysts predict that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 14.49%.

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.