Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $47.50.
A number of equities analysts have recently commented on AGI shares. Weiss Ratings cut Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday. Finally, Jefferies Financial Group cut their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, July 6th.
View Our Latest Stock Report on AGI
Institutional Trading of Alamos Gold
Alamos Gold Trading Down 2.7%
AGI opened at $28.23 on Friday. The firm has a market cap of $11.82 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.37 and a beta of 0.55. Alamos Gold has a 12 month low of $23.92 and a 12 month high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $35.57 and a 200 day moving average of $41.12.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, research analysts forecast that Alamos Gold will post 2.19 EPS for the current year.
Alamos Gold Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Alamos Gold’s 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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