Alamos Gold (NYSE:AGI) Rating Reiterated by National Bank Financial

National Bank Financial reiterated their outperform overweight rating on shares of Alamos Gold (NYSE:AGI - Free Report) TSE: AGI in a report published on Monday, Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Bank of America raised Alamos Gold from a neutral rating to a buy rating and lifted their target price for the stock from $21.75 to $27.25 in a research report on Tuesday. StockNews.com downgraded Alamos Gold from a buy rating to a hold rating in a report on Saturday, April 6th. Jefferies Financial Group started coverage on Alamos Gold in a report on Thursday, February 29th. They set a buy rating and a $14.00 price objective on the stock. Finally, Royal Bank of Canada upgraded shares of Alamos Gold from a sector perform rating to an outperform rating and lifted their target price for the company from $12.00 to $16.00 in a research note on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $16.95.

Alamos Gold Trading Down 1.0 %

AGI stock traded down $0.16 during trading on Monday, reaching $15.21. 5,348,155 shares of the stock were exchanged, compared to its average volume of 2,581,860. Alamos Gold has a twelve month low of $10.78 and a twelve month high of $16.01. The company has a market capitalization of $6.04 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.61 and a beta of 1.15. The stock has a 50 day simple moving average of $13.12 and a 200-day simple moving average of $12.96.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The business had revenue of $254.60 million for the quarter, compared to the consensus estimate of $257.47 million. During the same period last year, the business earned $0.09 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts predict that Alamos Gold will post 0.69 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 18.87%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AGI. Advisor Group Holdings Inc. raised its position in Alamos Gold by 5.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company's stock worth $239,000 after purchasing an additional 1,432 shares during the last quarter. JPMorgan Chase & Co. raised its position in Alamos Gold by 56.4% in the 1st quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company's stock worth $4,505,000 after purchasing an additional 192,939 shares during the last quarter. Raymond James & Associates raised its position in Alamos Gold by 24.1% in the 1st quarter. Raymond James & Associates now owns 300,000 shares of the basic materials company's stock worth $2,526,000 after purchasing an additional 58,298 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Alamos Gold in the 1st quarter worth approximately $101,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Alamos Gold by 9.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company's stock worth $517,000 after purchasing an additional 5,434 shares during the last quarter. Institutional investors own 64.33% of the company's stock.

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.