Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares gapped up prior to trading on Wednesday . The stock had previously closed at $24.50, but opened at $25.81. Alamos Gold shares last traded at $26.12, with a volume of 1,020,497 shares.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank increased their price target on shares of Alamos Gold from $25.00 to $33.00 and gave the stock a "sector outperform" rating in a report on Monday. StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a report on Sunday, April 6th. Finally, Bank of America lowered their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alamos Gold has a consensus rating of "Buy" and a consensus price target of $30.38.
View Our Latest Stock Report on Alamos Gold
Alamos Gold Stock Up 0.2 %
The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 0.40 and a beta of 1.02. The business's 50 day moving average is $24.51 and its 200-day moving average is $21.23. 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 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. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.34%. Alamos Gold's dividend payout ratio (DPR) is currently 14.49%.
Hedge Funds Weigh In On Alamos Gold
Several hedge funds and other institutional investors have recently made changes to their positions in AGI. Blue Trust Inc. increased its position in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after buying an additional 856 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $61,000. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold in the fourth quarter worth about $108,000. Finally, Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 64.33% of the company's stock.
About Alamos Gold
(
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.
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