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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.06.

Several brokerages have weighed in on AGI. Royal Bank of Canada increased their price objective on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 8th. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group boosted their price target 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, Scotiabank upped their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th.

Hedge Funds Weigh In On Alamos Gold

A number of large investors have recently modified their holdings of the company. Baldwin Brothers LLC MA purchased a new position in Alamos Gold during the second quarter worth about $47,000. Hara Capital LLC bought a new stake in shares of Alamos Gold during the 3rd quarter valued at about $47,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the second quarter worth about $48,000. Employees Retirement System of Texas bought a new position in shares of Alamos Gold in the second quarter worth approximately $88,000. Finally, Eastern Bank purchased a new stake in Alamos Gold in the third quarter valued at approximately $111,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $0.01 during midday trading on Friday, reaching $18.87. The company had a trading volume of 2,050,163 shares, compared to its average volume of 2,540,882. The stock has a market cap of $7.93 billion, a P/E ratio of 31.45, a P/E/G ratio of 0.85 and a beta of 1.19. The company's 50 day moving average price is $19.84 and its 200 day moving average price is $18.11. 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 52-week low of $11.24 and a 52-week high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The company had revenue of $360.90 million during the quarter. As a group, sell-side analysts anticipate that Alamos Gold will post 0.76 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Thursday, December 5th. Alamos Gold's payout ratio 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.