Alamos Gold Inc. (TSE:AGI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$22.60.

A number of research firms recently commented on AGI. Jefferies Financial Group set a C$14.00 price objective on Alamos Gold and gave the stock a “buy” rating in a research note on Thursday, February 29th. National Bankshares cut their price objective on Alamos Gold from C$27.50 to C$27.00 in a research note on Friday, April 19th. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from C$21.75 to C$27.75 in a research note on Tuesday, April 9th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Finally, Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$12.00 to C$16.00 in a report on Thursday, January 11th.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$20.80 on Friday. The business’s 50-day moving average price is C$18.44 and its 200-day moving average price is C$17.88. Alamos Gold has a 12 month low of C$14.80 and a 12 month high of C$22.00. The firm has a market capitalization of C$8.26 billion, a price-to-earnings ratio of 28.89, a PEG ratio of -2.10 and a beta of 0.97. The company has a current ratio of 2.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04.

Alamos Gold (TSE:AGI) (NYSE:AGI) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C$0.16 EPS for the quarter, meeting analysts’ consensus estimates of C$0.16. The firm had revenue of C$346.65 million for the quarter. Alamos Gold had a return on equity of 7.44% and a net margin of 20.52%. Equities research analysts forecast that Alamos Gold will post 0.7762158 EPS for the current year.

Alamos Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.034 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.65%. Alamos Gold’s dividend payout ratio is 19.44%.

Insider Activity

In other news, Senior Officer Mario Luis Chavez – Martinez sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of C$18.66, for a total transaction of C$559,737.00. Corporate insiders own 0.29% 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.