Alamos Gold Inc. (NYSE:AGI – Get 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
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: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, 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
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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