Analysts Set Alamos Gold Inc. (NYSE:AGI) Target Price at $25.06

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been assigned an average recommendation of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.06.

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd.

Alamos Gold Trading Down 0.2 %

NYSE:AGI opened at $18.32 on Thursday. The company has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $18.50. The company has a market cap of $7.70 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Research analysts forecast that Alamos Gold will post 0.77 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.55%. Alamos Gold’s dividend payout ratio is presently 16.67%.

Institutional Trading of Alamos Gold

Several institutional investors have recently made changes to their positions in the business. Hara Capital LLC bought a new position in Alamos Gold in the 3rd quarter worth approximately $47,000. Daiwa Securities Group Inc. purchased a new position in Alamos Gold during the second quarter valued at $48,000. Employees Retirement System of Texas bought a new stake in Alamos Gold in the 2nd quarter valued at $88,000. Eastern Bank purchased a new stake in Alamos Gold in the 3rd quarter worth $111,000. Finally, Plato Investment Management Ltd bought a new position in shares of Alamos Gold during the 3rd quarter valued at about $147,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

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.