Alamos Gold Inc. (NYSE:AGI) Stock Has Average Target Price of $47.50

Shares of Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.50.

A number of analysts recently commented on AGI shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $42.00 price target on shares of Alamos Gold in a research note on Wednesday, September 16th. Finally, Jefferies Financial Group decreased their price target on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th.

Check Out Our Latest Stock Report on AGI

Institutional Trading of Alamos Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in Alamos Gold by 11.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock valued at $351,072,000 after purchasing an additional 964,317 shares during the period. CIBC Asset Management Inc increased its position in Alamos Gold by 6.3% during the fourth 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 last quarter. Norges Bank purchased a new position in Alamos Gold during the fourth quarter worth approximately $219,475,000. Renaissance Technologies LLC raised its stake in Alamos Gold by 1.8% during the first quarter. Renaissance Technologies LLC now owns 5,118,171 shares of the basic materials company’s stock worth $227,400,000 after purchasing an additional 92,227 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Alamos Gold by 6.1% in the 4th 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 last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

AGI stock opened at $32.48 on Wednesday. The stock’s 50 day moving average price is $34.16 and its 200 day moving average price is $37.05. The firm has a market cap of $13.59 billion, a P/E ratio of 11.72, a PEG ratio of 0.43 and a beta of 0.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07. Alamos Gold has a 1 year low of $27.05 and a 1 year high of $55.41.

Alamos Gold (NYSE:AGI – Get 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, topping the consensus estimate of $0.52 by $0.07. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company had revenue of $594.10 million during the quarter, compared to the consensus estimate of $593.58 million. During the same quarter last year, the business posted $0.34 earnings per share. Alamos Gold’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts expect that Alamos Gold will post 2.11 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold’s dividend payout ratio is presently 5.78%.

Alamos Gold Company Profile

(Get Free Report)

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company’s activities include mining, processing and selling gold, as well as advancing exploration and development projects in established mining regions.

Alamos Gold’s principal operations are located in Ontario, Canada, and include the Young-Davidson and Island Gold mines, along with the Magino mine. The company also operates the Mulatos mining district in Sonora, Mexico, which includes the Mulatos mine and related deposits and exploration properties.

Founded in 2003, Alamos Gold has expanded through mine development, exploration and acquisitions in North America.

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Analyst Recommendations for Alamos Gold (NYSE:AGI)

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