Alamos Gold (NYSE:AGI) Price Target Raised to $30.00

Alamos Gold (NYSE:AGI) (TSE:AGI) had its target price hoisted by Royal Bank of Canada from $27.00 to $30.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

Several other equities analysts also recently weighed in on the stock. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $26.81.

Alamos Gold Stock Down 8.7 %

Alamos Gold stock opened at $24.54 on Friday. The stock’s 50 day moving average price is $23.76 and its 200 day moving average price is $20.96. The company has a market cap of $10.32 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold has a 1-year low of $14.31 and a 1-year high of $27.32.

Alamos Gold (NYSE:AGI) (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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $388.06 million. On average, sell-side analysts predict that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds have recently made changes to their positions in AGI. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Alamos Gold during the 4th quarter worth about $61,000. Cutler Capital Management LLC acquired a new stake in Alamos Gold during the 4th quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 64.33% 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.