Alamos Gold (NYSE:AGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Alamos Gold (NYSE:AGI) (TSE:AGI) from a hold rating to a buy rating in a research note published on Sunday morning.

Other research analysts have also issued reports about the stock. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada upped their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $27.63.

Alamos Gold Price Performance

AGI stock opened at $24.52 on Friday. Alamos Gold has a 52-week low of $14.31 and a 52-week high of $27.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market capitalization of $10.31 billion, a P/E ratio of 35.53, a PEG ratio of 0.40 and a beta of 1.02. The company has a fifty day moving average price of $24.00 and a 200-day moving average price of $21.04.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. As a group, equities analysts expect that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Alamos Gold’s dividend payout ratio is 14.49%.

Institutional Trading of Alamos Gold

Several hedge funds and other institutional investors have recently bought and sold shares of AGI. Blue Trust Inc. lifted its holdings in shares of Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the period. R Squared Ltd bought a new stake in Alamos Gold in the fourth quarter worth $61,000. Cutler Capital Management LLC purchased a new stake in Alamos Gold during the fourth quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter valued at about $136,000. Hedge funds and other institutional investors 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.