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

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.50.

Several equities analysts have recently commented on AGI shares. Royal Bank Of Canada lowered their price objective on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Jefferies Financial Group reduced 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. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Finally, Bank of America dropped their target price on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGI. Smartleaf Asset Management LLC raised its stake in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Alamos Gold by 2.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after buying an additional 229 shares during the period. Clearstead Advisors LLC raised its holdings in Alamos Gold by 62.7% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares during the period. Private Advisor Group LLC lifted its position in Alamos Gold by 3.2% in the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after buying an additional 300 shares during the last quarter. Finally, Coastal Bridge Advisors LLC lifted its position in Alamos Gold by 1.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 16,907 shares of the basic materials company’s stock worth $654,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $34.06 on Tuesday. The firm has a fifty day moving average price of $31.43 and a 200-day moving average price of $39.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. The stock has a market cap of $14.26 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.44 and a beta of 0.56. Alamos Gold has a 1 year low of $25.69 and a 1 year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its 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 analysts’ expectations of $593.58 million. During the same quarter in the previous year, the company earned $0.34 EPS. Alamos Gold’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities analysts anticipate that Alamos Gold will post 2.18 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend 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.