Alamos Gold Inc. (NYSE:AGI) Receives $19.75 Average Price Target from Analysts

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.75.

Several research firms have commented on AGI. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.75 to $27.25 in a research note on Tuesday, April 9th. Jefferies Financial Group upped their price objective on Alamos Gold from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Scotiabank upped their price objective on Alamos Gold from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th.

Alamos Gold Stock Performance

Alamos Gold stock opened at $16.51 on Monday. Alamos Gold has a fifty-two week low of $10.78 and a fifty-two week high of $17.91. The company has a market capitalization of $6.93 billion, a P/E ratio of 31.75, a PEG ratio of 0.74 and a beta of 1.16. The stock has a 50-day simple moving average of $16.45 and a 200-day simple moving average of $14.61.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is 19.23%.

Hedge Funds Weigh In On Alamos Gold

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Alamos Gold by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 14,202,762 shares of the basic materials company’s stock worth $160,349,000 after acquiring an additional 202,396 shares during the period. SG Americas Securities LLC grew its holdings in shares of Alamos Gold by 18.8% in the 4th quarter. SG Americas Securities LLC now owns 54,515 shares of the basic materials company’s stock worth $734,000 after acquiring an additional 8,629 shares during the period. Raymond James & Associates grew its holdings in shares of Alamos Gold by 74.5% in the 4th quarter. Raymond James & Associates now owns 472,938 shares of the basic materials company’s stock worth $6,370,000 after acquiring an additional 201,905 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Alamos Gold by 44.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 99,290 shares of the basic materials company’s stock worth $1,337,000 after acquiring an additional 30,365 shares during the period. Finally, Pinnacle Wealth Management Group Inc. grew its holdings in shares of Alamos Gold by 2.4% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 72,775 shares of the basic materials company’s stock worth $980,000 after acquiring an additional 1,700 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Company Profile

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.