Alamos Gold (NYSE:AGI) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

A number of other research firms also recently issued reports on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, April 4th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Finally, Bank of America reduced their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock opened at $25.67 on Monday. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 0.40 and a beta of 1.02. Alamos Gold has a 1-year low of $15.01 and a 1-year high of $31.00. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $26.28 and its 200-day simple moving average is $22.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The business had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. On average, sell-side analysts predict that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s payout ratio is 16.13%.

Institutional Investors Weigh In On Alamos Gold

Large investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold in the first quarter worth $41,000. SBI Securities Co. Ltd. raised its holdings in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 660 shares during the period. Blue Trust Inc. lifted its position in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 valued at $46,000 after acquiring an additional 856 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $61,000. Institutional investors 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.