Alamos Gold Inc. (NYSE:AGI) Receives $25.06 Consensus PT from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI have been given a consensus rating of "Buy" by the five analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $25.06.

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

Institutional Investors Weigh In On Alamos Gold

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

Alamos Gold Stock Up 0.3 %

Shares of AGI traded up $0.05 during trading hours on Thursday, reaching $18.11. 1,755,903 shares of the stock traded hands, compared to its average volume of 2,352,880. Alamos Gold has a 52 week low of $11.24 and a 52 week high of $21.45. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $19.44 and a 200 day simple moving average of $18.44. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 0.93 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. On average, equities analysts forecast that Alamos Gold will post 0.77 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) is presently 16.67%.

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.