Alamos Gold Inc (AGI) Receives Average Rating of “Hold” from Analysts
Shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) have been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.52.
Several research analysts have weighed in on the stock. National Bank Financial downgraded shares of Alamos Gold from an “outperform” rating to a “sector perform” rating in a research report on Thursday, March 21st. TheStreet cut shares of Alamos Gold from a “c-” rating to a “d+” rating in a research note on Monday, March 4th. Raymond James cut shares of Alamos Gold from an “outperform” rating to a “market perform” rating and set a $4.84 price objective for the company. in a research note on Thursday, February 21st. ValuEngine raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Alamos Gold from $7.00 to $5.50 and set a “sector perform” rating for the company in a report on Thursday, January 24th.
Several hedge funds have recently added to or reduced their stakes in AGI. Neuberger Berman Group LLC acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $57,000. Insight Wealth Strategies LLC acquired a new position in shares of Alamos Gold in the 4th quarter valued at $45,000. SNS Financial Group LLC acquired a new position in shares of Alamos Gold in the 4th quarter valued at $47,000. Squarepoint Ops LLC acquired a new position in shares of Alamos Gold in the 4th quarter valued at $57,000. Finally, Virtu Financial LLC acquired a new position in shares of Alamos Gold in the 1st quarter valued at $158,000. 59.83% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 20th. The basic materials company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. Alamos Gold had a negative net margin of 11.14% and a positive return on equity of 0.74%. The firm had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $163.25 million. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Alamos Gold will post 0.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, March 14th. Alamos Gold’s dividend payout ratio (DPR) is currently 80.00%.
About Alamos Gold
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
Further Reading: Fiduciary
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.