According to Zacks, “Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. “
Several other equities research analysts also recently weighed in on AGI. CIBC decreased their price target on shares of Alamos Gold from C$14.50 to C$13.00 in a research note on Wednesday, January 19th. Canaccord Genuity Group raised shares of Alamos Gold from a hold rating to a buy rating in a research note on Thursday, April 28th. StockNews.com initiated coverage on shares of Alamos Gold in a research note on Thursday, March 31st. They issued a hold rating for the company. National Bank Financial raised shares of Alamos Gold from a sector perform rating to an outperform rating in a research note on Friday, April 29th. Finally, BMO Capital Markets decreased their price target on shares of Alamos Gold from C$14.00 to C$11.00 in a research note on Tuesday, January 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and an average price target of $11.36.
NYSE AGI traded up $0.08 during mid-day trading on Friday, reaching $7.07. 6,140,428 shares of the stock were exchanged, compared to its average volume of 3,248,739. Alamos Gold has a one year low of $6.51 and a one year high of $9.38. The stock has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $7.72. The stock has a market cap of $2.77 billion, a P/E ratio of -22.09, a P/E/G ratio of 2.20 and a beta of 1.06.
Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last announced its earnings results on Wednesday, February 23rd. The basic materials company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Alamos Gold had a negative net margin of 16.19% and a positive return on equity of 4.85%. The business had revenue of $203.10 million during the quarter, compared to the consensus estimate of $202.05 million. Sell-side analysts expect that Alamos Gold will post 0.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Wednesday, March 16th. Alamos Gold’s dividend payout ratio (DPR) is presently -31.25%.
A number of institutional investors have recently added to or reduced their stakes in AGI. Millennium Management LLC boosted its holdings in Alamos Gold by 634.1% during the fourth quarter. Millennium Management LLC now owns 6,074,088 shares of the basic materials company’s stock worth $46,710,000 after purchasing an additional 5,246,614 shares during the last quarter. Norges Bank purchased a new position in Alamos Gold during the fourth quarter worth about $31,672,000. Van ECK Associates Corp boosted its stake in Alamos Gold by 7.7% in the first quarter. Van ECK Associates Corp now owns 41,519,766 shares of the basic materials company’s stock valued at $349,593,000 after acquiring an additional 2,979,481 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Alamos Gold by 12.1% in the fourth quarter. First Eagle Investment Management LLC now owns 11,251,654 shares of the basic materials company’s stock valued at $86,548,000 after acquiring an additional 1,212,875 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Alamos Gold by 111.6% in the second quarter. Morgan Stanley now owns 1,969,441 shares of the basic materials company’s stock valued at $15,064,000 after acquiring an additional 1,038,531 shares during the last quarter. Institutional investors and hedge funds own 62.33% of the company’s stock.
Alamos Gold Company Profile (Get Rating)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company’s flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.
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