StockNews.com upgraded shares of Alamos Gold (NYSE:AGI - Free Report) TSE: AGI from a hold rating to a buy rating in a report published on Sunday morning.
Other research analysts also recently issued reports about the company. National Bank Financial raised 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. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $27.63.
Read Our Latest Analysis on Alamos Gold
Alamos Gold Trading Up 5.6 %
Shares of Alamos Gold stock traded up $1.48 on Friday, hitting $28.02. The stock had a trading volume of 5,583,485 shares, compared to its average volume of 2,517,133. The stock has a 50 day moving average of $24.35 and a 200 day moving average of $21.16. The firm has a market capitalization of $11.78 billion, a P/E ratio of 40.60, a PEG ratio of 0.40 and a beta of 1.02. Alamos Gold has a twelve month low of $14.31 and a twelve month high of $28.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly 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 firm had revenue of $375.80 million during 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%. Sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The firm 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 0.36%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is 14.49%.
Institutional Investors Weigh In On Alamos Gold
Large investors have recently added to or reduced their stakes in the business. Old West Investment Management LLC boosted its holdings in shares of Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock worth $9,689,000 after buying an additional 48,128 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the period. Canoe Financial LP bought a new position in Alamos Gold during the fourth quarter worth $4,066,000. Geode Capital Management LLC grew its holdings in Alamos Gold by 11.1% in the third quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock worth $6,224,000 after purchasing an additional 29,933 shares during the period. Finally, National Bank of Canada FI increased its stake in Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock valued at $30,492,000 after purchasing an additional 237,278 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
About Alamos Gold
(
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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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