Alamos Gold Inc. (NYSE:AGI) Receives Consensus Recommendation of "Buy" from Analysts

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI has been assigned an average rating of "Buy" from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $30.38.

A number of research firms recently commented on AGI. Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada raised their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Finally, StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th.

Alamos Gold Trading Down 3.1 %

Shares of NYSE:AGI opened at $28.82 on Wednesday. The company has a market capitalization of $12.12 billion, a PE ratio of 41.77, a P/E/G ratio of 0.40 and a beta of 1.02. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Alamos Gold has a 12-month low of $14.31 and a 12-month high of $31.00. The business's fifty day simple moving average is $25.49 and its 200-day simple moving average is $21.69.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities research analysts predict that Alamos Gold will post 1.29 earnings per share 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 issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 14.49%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd acquired a new stake in Alamos Gold during the 4th quarter worth about $61,000. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 64.33% of the company's stock.

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.

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