Raymond James restated their buy rating on shares of Alamos Gold (NYSE:AGI) (TSE:AGI) in a research report report published on Friday.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Alamos Gold from a sell rating to a hold rating in a research note on Friday, September 21st. ValuEngine raised shares of Alamos Gold from a strong sell rating to a sell rating in a research note on Tuesday, October 2nd. Finally, CSFB reaffirmed an outperform rating and issued a $7.50 price objective on shares of Alamos Gold in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $8.29.
Alamos Gold stock opened at $3.97 on Friday. Alamos Gold has a 1-year low of $3.74 and a 1-year high of $7.03. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 1.48 and a beta of 0.34.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 30th. Shareholders of record on Monday, October 15th were paid a $0.01 dividend. The ex-dividend date was Friday, October 12th. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.
Institutional investors have recently added to or reduced their stakes in the business. Clean Yield Group bought a new position in shares of Alamos Gold in the second quarter valued at $102,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Alamos Gold in the first quarter valued at about $123,000. Barclays PLC raised its holdings in shares of Alamos Gold by 127.3% in the first quarter. Barclays PLC now owns 27,727 shares of the basic materials company’s stock valued at $145,000 after purchasing an additional 15,528 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Alamos Gold in the second quarter valued at about $228,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Alamos Gold by 221.9% in the second quarter. Tower Research Capital LLC TRC now owns 52,534 shares of the basic materials company’s stock valued at $299,000 after purchasing an additional 36,216 shares during the last quarter. 59.32% of the stock is currently owned by hedge funds and other institutional investors.
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 holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
Featured Article: What is the Ex-Dividend Date in Investing?
Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.