Alamos Gold Inc. (NYSE:AGI) Receives Average Rating of "Buy" from Brokerages

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI have been assigned a consensus rating of "Buy" from the five analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $26.06.

A number of equities research analysts have recently weighed in on AGI shares. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. StockNews.com lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th.

Alamos Gold Stock Performance

AGI traded down $0.15 during trading on Friday, reaching $26.61. 1,016,482 shares of the company were exchanged, compared to its average volume of 2,863,107. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a market cap of $11.19 billion, a P/E ratio of 38.58, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold has a 52 week low of $14.31 and a 52 week high of $27.25. The firm has a 50 day moving average of $23.41 and a 200 day moving average of $20.84.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, sell-side analysts forecast that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGI. Dimensional Fund Advisors LP lifted its holdings in Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the last quarter. Norges Bank bought a new stake in shares of Alamos Gold in the 4th quarter worth approximately $100,694,000. CIBC Asset Management Inc lifted its stake in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the last quarter. FMR LLC boosted its holdings in Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Finally, Addenda Capital Inc. acquired a new position in Alamos Gold in the fourth quarter worth approximately $34,869,000. 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.