Royal Bank Of Canada set a $9.00 target price on Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in a research note issued to investors on Tuesday morning. The brokerage currently has a hold rating on the basic materials company’s stock.
AGI has been the subject of several other reports. BidaskClub upgraded Alamos Gold from a sell rating to a hold rating in a research note on Friday, June 23rd. ValuEngine downgraded Alamos Gold from a hold rating to a sell rating in a research note on Monday, September 11th. Zacks Investment Research upgraded Alamos Gold from a sell rating to a hold rating in a research note on Tuesday, August 8th. National Bank Financial reiterated an outperform market weight rating on shares of Alamos Gold in a research note on Sunday, July 23rd. Finally, Raymond James Financial, Inc. reiterated an ourperform rating and set a $12.00 target price on shares of Alamos Gold in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $10.67.
Shares of Alamos Gold (AGI) opened at 7.08 on Tuesday. The stock has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.26. The company’s market capitalization is $2.13 billion. Alamos Gold has a 52-week low of $5.95 and a 52-week high of $9.00.
Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. The company had revenue of $131.30 million during the quarter, compared to the consensus estimate of $125.71 million. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts predict that Alamos Gold will post $0.09 earnings per share for the current fiscal year.
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The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a $0.01 dividend. The ex-dividend date is Friday, October 13th. This represents a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently -39.99%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGI. SG Americas Securities LLC bought a new stake in Alamos Gold in the 2nd quarter valued at $106,000. Comerica Bank boosted its stake in Alamos Gold by 1.6% in the 1st quarter. Comerica Bank now owns 15,265 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 234 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Alamos Gold by 3.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 717 shares during the period. Tower Research Capital LLC TRC boosted its stake in Alamos Gold by 115.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 20,929 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 11,217 shares during the period. Finally, Fore Research & Management LP bought a new stake in Alamos Gold in the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 63.26% of the company’s stock.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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