Alamos Gold (NYSE:AGI) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a hold rating to a buy rating in a report published on Sunday.

A number of other research firms also recently commented on AGI. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $26.81.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $24.54 on Friday. The company has a 50-day simple moving average of $23.76 and a two-hundred day simple moving average of $20.96. Alamos Gold has a twelve month low of $14.31 and a twelve month high of $27.32. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Analysts forecast that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced 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 of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Alamos Gold’s payout ratio is presently 14.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGI. Old West Investment Management LLC increased its holdings in Alamos Gold by 11.0% in the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after purchasing an additional 48,128 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Alamos Gold by 101.5% in the third quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company’s stock valued at $462,000 after buying an additional 11,674 shares during the period. Captrust Financial Advisors raised its holdings in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after buying an additional 728 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Alamos Gold during the 3rd quarter worth approximately $545,000. Finally, National Bank of Canada FI grew its holdings in Alamos Gold by 18.4% during the 3rd quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock worth $30,492,000 after acquiring an additional 237,278 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors.

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.