Alamos Gold Inc. (NYSE:AGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Alamos Gold Inc. (NYSE:AGIGet Free Report) (TSE:AGI) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $47.50.

AGI has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price 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. Bank of America reduced their target price on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings cut Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th.

View Our Latest Stock Analysis on AGI

Institutional Trading of Alamos Gold

Several hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Alamos Gold by 11.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after acquiring an additional 964,317 shares during the period. CIBC Asset Management Inc raised its holdings in shares of 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 purchasing an additional 514,819 shares during the period. Norges Bank purchased a new position in Alamos Gold in the fourth quarter valued at approximately $219,475,000. Renaissance Technologies LLC lifted its stake in Alamos Gold by 1.8% in the first quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock valued at $227,400,000 after purchasing an additional 92,227 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Alamos Gold by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 4,219,852 shares of the basic materials company’s stock valued at $168,031,000 after purchasing an additional 242,415 shares during the period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI stock opened at $36.96 on Friday. The firm has a 50-day moving average of $32.16 and a 200-day moving average of $39.09. The company has a market cap of $15.47 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.51 and a beta of 0.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. Alamos Gold has a one year low of $27.05 and a one year high of $55.41.

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The company had revenue of $594.10 million for the quarter, compared to analyst estimates of $593.58 million. During the same period last year, the firm earned $0.34 earnings per share. The firm’s revenue was up 35.6% on a year-over-year basis. Equities research analysts forecast that Alamos Gold will post 2.12 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. Alamos Gold’s payout ratio is 5.78%.

Alamos Gold Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Alamos Gold (NYSE:AGI)

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.