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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has received a consensus rating of "Buy" from the five research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.06.

A number of brokerages have weighed in on AGI. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, National Bank Financial upgraded Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd.

Hedge Funds Weigh In On Alamos Gold

A number of large investors have recently modified their holdings of AGI. CWA Asset Management Group LLC grew its stake in shares of Alamos Gold by 8.6% in the fourth quarter. CWA Asset Management Group LLC now owns 43,210 shares of the basic materials company's stock worth $797,000 after acquiring an additional 3,427 shares during the period. Principal Financial Group Inc. increased its stake in shares of Alamos Gold by 3.7% in the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company's stock worth $34,655,000 after purchasing an additional 61,700 shares in the last quarter. Tidal Investments LLC raised its holdings in Alamos Gold by 267.0% during the third quarter. Tidal Investments LLC now owns 68,735 shares of the basic materials company's stock valued at $1,371,000 after acquiring an additional 50,005 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Alamos Gold in the 3rd quarter worth approximately $413,000. Finally, Virtu Financial LLC bought a new stake in Alamos Gold in the 3rd quarter valued at $724,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Down 1.8 %

Shares of Alamos Gold stock traded down $0.36 during trading on Monday, hitting $19.15. The stock had a trading volume of 1,993,144 shares, compared to its average volume of 1,975,803. The stock has a market cap of $8.05 billion, a PE ratio of 31.92, a PEG ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. Alamos Gold has a 12 month low of $11.24 and a 12 month high of $21.45. The firm's fifty day simple moving average is $18.83 and its 200-day simple moving average is $18.79.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted 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 firm had revenue of $360.90 million for the quarter. As a group, sell-side analysts expect that Alamos Gold will post 0.77 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold's dividend payout ratio is currently 16.67%.

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.