Alamos Gold (NYSE:AGI) Price Target Cut to $30.50 by Analysts at Bank of America

Alamos Gold (NYSE:AGI) (TSE:AGI) had its target price reduced by Bank of America from $31.00 to $30.50 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

AGI has been the topic of a number of other research reports. Royal Bank of Canada lifted their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $27.63.

Alamos Gold Stock Down 0.1 %

NYSE AGI opened at $24.52 on Tuesday. Alamos Gold has a one year low of $14.31 and a one year 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 business has a fifty day moving average price of $24.00 and a 200 day moving average price of $21.04. The company has a market cap of $10.31 billion, a P/E ratio of 35.53, a P/E/G ratio of 0.40 and a beta of 1.02.

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

Alamos Gold Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after acquiring an additional 5,516,186 shares during the period. Norges Bank purchased a new stake in Alamos Gold in the fourth quarter valued at approximately $100,694,000. CIBC Asset Management Inc lifted its stake in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. Addenda Capital Inc. purchased a new position in shares of Alamos Gold during the fourth quarter worth $34,869,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alamos Gold in the fourth quarter valued at $28,950,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Company Profile

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.