Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) has received an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.83.
Several research firms have recently commented on AGI. StockNews.com began coverage on shares of Alamos Gold in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Scotiabank raised shares of Alamos Gold from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $10.00 to $11.00 in a report on Tuesday, November 22nd. TheStreet raised shares of Alamos Gold from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. Finally, National Bank Financial increased their price target on shares of Alamos Gold from C$13.00 to C$15.00 in a report on Wednesday, November 30th.
Alamos Gold Trading Down 0.2 %
Shares of Alamos Gold stock opened at $9.99 on Friday. Alamos Gold has a 12-month low of $6.35 and a 12-month high of $10.36. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 124.89, a PEG ratio of 6.36 and a beta of 1.07. The firm’s 50 day simple moving average is $8.93 and its two-hundred day simple moving average is $7.95.
Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last issued its quarterly earnings results on Thursday, October 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $213.60 million for the quarter, compared to analyst estimates of $210.80 million. Alamos Gold had a net margin of 3.28% and a return on equity of 4.13%. Alamos Gold’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. On average, sell-side analysts predict that Alamos Gold will post 0.26 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Tuesday, December 6th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, December 5th. Alamos Gold’s payout ratio is 125.02%.
Institutional Investors Weigh In On Alamos Gold
A number of hedge funds have recently modified their holdings of AGI. Eagle Bay Advisors LLC acquired a new stake in Alamos Gold during the second quarter worth about $37,000. Exchange Traded Concepts LLC purchased a new position in Alamos Gold during the third quarter worth about $43,000. Brown Brothers Harriman & Co. boosted its stake in Alamos Gold by 58.8% during the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock worth $83,000 after buying an additional 3,665 shares during the period. Evanson Asset Management LLC purchased a new position in Alamos Gold during the second quarter worth about $73,000. Finally, Engineers Gate Manager LP purchased a new position in Alamos Gold during the third quarter worth about $81,000. 50.22% of the stock is currently owned by institutional investors and hedge funds.
About Alamos Gold
Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc
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Read More:Alamos Gold Inc. (NYSE:AGI) Given Consensus Recommendation of “Moderate Buy” by Brokerages
2022-12-25 08:11:19
