Shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) have received an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.62.
A number of equities research analysts have recently weighed in on AGI shares. Zacks Investment Research upgraded Alamos Gold from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Tuesday, July 9th. Canaccord Genuity upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. ValuEngine upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. TheStreet upgraded Alamos Gold from a “d+” rating to a “c-” rating in a research report on Thursday, July 18th. Finally, CIBC reiterated a “buy” rating and issued a $9.00 price objective on shares of Alamos Gold in a research report on Friday, June 21st.
Shares of AGI stock traded up $0.18 during trading hours on Thursday, reaching $6.42. The company’s stock had a trading volume of 1,729,156 shares, compared to its average volume of 2,421,561. The stock has a market capitalization of $2.48 billion, a P/E ratio of 128.40, a P/E/G ratio of 0.54 and a beta of 0.26. Alamos Gold has a one year low of $2.90 and a one year high of $7.78. The firm’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $5.69.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, September 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.62%. Alamos Gold’s dividend payout ratio is presently 80.00%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGI. A.R.T. Advisors LLC purchased a new position in Alamos Gold during the second quarter valued at $159,000. Falcon Point Capital LLC purchased a new position in Alamos Gold during the second quarter valued at $159,000. United Capital Financial Advisers LLC purchased a new position in Alamos Gold during the second quarter valued at $181,000. Sigma Planning Corp purchased a new position in Alamos Gold during the first quarter valued at $160,000. Finally, King Luther Capital Management Corp purchased a new position in Alamos Gold during the first quarter valued at $183,000. Institutional investors own 55.11% of the company’s stock.
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.
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