By otakuyassine3@gmail.com 
Alamos Gold Inc. (NYSE:AGI – Get Free Report) (TSE:AGI) has been given an average rating of “Buy” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.06.
A number of equities analysts have recently commented on AGI shares. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Finally, StockNews.com downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday.
Alamos Gold Trading Up 0.7 %
Alamos Gold stock opened at $26.75 on Friday. The business has a 50 day moving average price of $23.28 and a two-hundred day moving average price of $20.80. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. Alamos Gold has a 12 month low of $14.31 and a 12 month high of $27.25. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. As a group, equities analysts forecast that Alamos Gold will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 14.49%.
Hedge Funds Weigh In On Alamos Gold
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after buying an additional 531 shares in the last quarter. Baird Financial Group Inc. grew its position in Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock worth $3,349,000 after acquiring an additional 614 shares during the last quarter. Veracity Capital LLC increased its holdings in Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 694 shares in the last quarter. Captrust Financial Advisors increased its holdings in Alamos Gold by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 728 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in Alamos Gold by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after purchasing an additional 854 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.
About Alamos Gold
Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.
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