StockNews.com cut shares of Alamos Gold (NYSE:AGI - Free Report) TSE: AGI from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday.
Several other research firms have also recently weighed in on AGI. Jefferies Financial Group raised their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Scotiabank lifted their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Royal Bank of Canada boosted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, National Bank Financial cut Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $25.06.
Read Our Latest Analysis on AGI
Alamos Gold Stock Performance
Shares of Alamos Gold stock traded up $0.59 during trading hours on Tuesday, hitting $21.38. The company's stock had a trading volume of 2,419,797 shares, compared to its average volume of 2,354,864. The company has a market cap of $8.53 billion, a PE ratio of 41.11, a PEG ratio of 0.86 and a beta of 1.18. The business has a 50 day moving average price of $19.70 and a two-hundred day moving average price of $17.42. Alamos Gold has a 12-month low of $11.24 and a 12-month high of $21.45.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company had revenue of $332.60 million for the quarter, compared to analysts' expectations of $282.78 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm's revenue was up 27.4% compared to the same quarter last year. As a group, research analysts anticipate that Alamos Gold will post 0.75 earnings per share for the current year.
Alamos Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Thursday, September 12th. Alamos Gold's payout ratio is 19.23%.
Institutional Investors Weigh In On Alamos Gold
Several large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in Alamos Gold in the third quarter worth $3,290,000. Eastern Bank bought a new position in Alamos Gold during the third quarter valued at $111,000. U S Global Investors Inc. raised its stake in shares of Alamos Gold by 27.4% in the third quarter. U S Global Investors Inc. now owns 318,500 shares of the basic materials company's stock valued at $6,351,000 after acquiring an additional 68,500 shares during the period. Pure Portfolios Holdings LLC bought a new stake in shares of Alamos Gold in the 3rd quarter worth about $458,000. Finally, Veracity Capital LLC boosted its stake in shares of Alamos Gold by 15.6% during the 3rd quarter. Veracity Capital LLC now owns 21,875 shares of the basic materials company's stock worth $436,000 after purchasing an additional 2,949 shares during the period. 64.33% of the stock is owned by institutional investors.
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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