Analysts Set Alamos Gold Inc. (NYSE:AGI) PT at $26.06

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI have earned a consensus rating of "Buy" from the five brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.06.

A number of research analysts have commented on AGI shares. Royal Bank of Canada raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd.

Institutional Trading of Alamos Gold

A number of institutional investors have recently modified their holdings of AGI. B. Riley Wealth Advisors Inc. boosted its stake in Alamos Gold by 45.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 185,652 shares of the basic materials company's stock worth $3,423,000 after purchasing an additional 58,402 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Alamos Gold by 2.0% in the 4th quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after purchasing an additional 145,726 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Alamos Gold in the 4th quarter worth approximately $711,000. Public Employees Retirement System of Ohio acquired a new stake in Alamos Gold in the 4th quarter worth approximately $4,260,000. Finally, Wexford Capital LP acquired a new stake in Alamos Gold during the 4th quarter valued at approximately $859,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Down 0.4 %

AGI stock traded down $0.09 during trading on Tuesday, hitting $24.26. The company had a trading volume of 197,645 shares, compared to its average volume of 2,260,396. The firm has a market capitalization of $10.20 billion, a P/E ratio of 35.12, a PEG ratio of 0.40 and a beta of 1.16. Alamos Gold has a 52-week low of $12.96 and a 52-week high of $24.40. The company has a 50 day simple moving average of $20.98 and a 200-day simple moving average of $20.00. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

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

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 14.49%.

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.