Alamos Gold Inc. (TSE:AGI) Given Average Rating of "Buy" by Analysts

Key Points

• Alamos Gold Inc. has received an average rating of "Buy" from six brokerage firms, with a consensus 1-year price target of C$46.21.
• The company recently declared a quarterly dividend of C$0.025, which reflects an annualized dividend yield of only 0.2%.
• Alamos Gold's stock price has seen an increase of 2.6%, trading at C$41.84, while the company has a market capitalization of C$17.59 billion.

Alamos Gold Inc. (TSE:AGI - Get Free Report) NYSE: AGI has earned a consensus rating of "Buy" from the six analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$46.21.

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on Alamos Gold from C$50.50 to C$55.00 in a research note on Friday, August 29th. National Bankshares boosted their price objective on Alamos Gold from C$51.75 to C$52.25 and gave the stock an "outperform" rating in a research report on Friday, June 27th. TD Securities reduced their price objective on Alamos Gold from C$48.00 to C$47.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th.

Alamos Gold Price Performance

TSE AGI traded up C$0.22 during midday trading on Tuesday, hitting C$44.30. The company had a trading volume of 847,748 shares, compared to its average volume of 1,279,340. The company has a market capitalization of C$18.63 billion, a PE ratio of 54.02, a P/E/G ratio of -2.10 and a beta of 0.51. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 8.48. The firm has a 50-day moving average price of C$36.80 and a 200-day moving average price of C$36.54. Alamos Gold has a twelve month low of C$24.37 and a twelve month high of C$44.83.

Alamos Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.2%. Alamos Gold's payout ratio is presently 12.20%.

About Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group's largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.