Brokerages Set Alamos Gold Inc. (NYSE:AGI) PT at $16.95

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.95.

A number of research firms recently weighed in on AGI. Royal Bank of Canada upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $12.00 to $16.00 in a research note on Thursday, January 11th. National Bank Financial restated an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Bank of America upgraded shares of Alamos Gold from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group began coverage on shares of Alamos Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $14.00 target price on the stock.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in Alamos Gold during the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its stake in Alamos Gold by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 2,752 shares in the last quarter. US Bancorp DE grew its stake in Alamos Gold by 106.7% during the 4th quarter. US Bancorp DE now owns 4,968 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 2,565 shares in the last quarter. AJOVista LLC acquired a new stake in Alamos Gold during the 4th quarter valued at approximately $83,000. Finally, IFP Advisors Inc acquired a new stake in Alamos Gold during the 2nd quarter valued at approximately $84,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $14.94 on Friday. The firm has a market cap of $5.94 billion, a PE ratio of 28.19, a PEG ratio of 3.69 and a beta of 1.15. The firm has a fifty day moving average of $13.33 and a 200 day moving average of $13.07. Alamos Gold has a one year low of $10.78 and a one year high of $16.01.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Alamos Gold had a net margin of 20.52% and a return on equity of 7.30%. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Alamos Gold will post 0.66 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.67%. Alamos Gold’s dividend payout ratio (DPR) is 18.87%.

Alamos Gold Company Profile

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.