Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares gapped down prior to trading on Monday . The stock had previously closed at $19.38, but opened at $18.49. Alamos Gold shares last traded at $18.34, with a volume of 638,699 shares trading hands.
Analyst Ratings Changes
A number of research analysts recently commented on AGI shares. StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their target price on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note 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. Scotiabank raised their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised their price objective on Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.06.
View Our Latest Analysis on Alamos Gold
Alamos Gold Stock Performance
The business's 50-day simple moving average is $19.97 and its 200 day simple moving average is $17.91. The firm has a market cap of $7.51 billion, a P/E ratio of 29.83, a P/E/G ratio of 0.85 and a beta of 1.19.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 9.24%. The business had revenue of $360.90 million for the quarter. As a group, equities research analysts expect that Alamos Gold Inc. will post 0.78 EPS for the current year.
Alamos Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold's payout ratio is 16.67%.
Institutional Investors Weigh In On Alamos Gold
Several institutional investors have recently modified their holdings of the stock. Foundry Partners LLC increased its holdings in shares of Alamos Gold by 0.5% in the 3rd quarter. Foundry Partners LLC now owns 521,683 shares of the basic materials company's stock valued at $10,402,000 after acquiring an additional 2,775 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock valued at $110,662,000 after acquiring an additional 891,255 shares during the period. Swiss National Bank increased its holdings in shares of Alamos Gold by 4.9% in the 3rd quarter. Swiss National Bank now owns 825,036 shares of the basic materials company's stock valued at $16,467,000 after acquiring an additional 38,600 shares during the period. Chesapeake Capital Corp IL increased its holdings in shares of Alamos Gold by 28.7% in the 3rd quarter. Chesapeake Capital Corp IL now owns 20,395 shares of the basic materials company's stock valued at $407,000 after acquiring an additional 4,545 shares during the period. Finally, Natixis Advisors LLC grew its stake in Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company's stock worth $552,000 after buying an additional 531 shares during the last quarter. 64.33% of the stock is owned by institutional investors.
Alamos Gold Company Profile
(
Get Free Report)
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.
Further Reading
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