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

StockNews.com downgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

A number of other brokerages have also issued reports on AGI. Royal Bank of Canada increased their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, Scotiabank increased their price target on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and an average target price of $25.06.

Alamos Gold Trading Down 0.0 %

AGI opened at $21.09 on Tuesday. The business’s 50 day moving average is $19.80 and its 200-day moving average is $17.47. The stock has a market cap of $8.42 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. Alamos Gold has a twelve month low of $11.24 and a twelve month high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The firm had revenue of $332.60 million for the quarter, compared to the consensus estimate of $282.78 million. During the same quarter in the previous year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. As a group, analysts forecast that Alamos Gold will post 0.75 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s dividend payout ratio is presently 19.23%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock worth $194,224,000 after acquiring an additional 216,280 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new position in shares of Alamos Gold in the 1st quarter valued at $115,000. Harbour Capital Advisors LLC increased its stake in Alamos Gold by 75.7% in the 1st quarter. Harbour Capital Advisors LLC now owns 48,480 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 20,890 shares in the last quarter. Stapp Wealth Management Pllc purchased a new position in Alamos Gold in the 1st quarter worth about $254,000. Finally, Van ECK Associates Corp raised its holdings in Alamos Gold by 8.3% during the 1st quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company’s stock worth $772,863,000 after buying an additional 4,009,220 shares during the period. 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.