The stock of Alamos Gold Inc. (NYSE:AGI) last traded at $12.38, down -0.32% from the previous session.
Data from the available sources indicates that Alamos Gold Inc. (NYSE:AGI) is covered by 12 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $18.24 and a low of $10.00, we find $14.44. Given the previous closing price of $12.42, this indicates a potential upside of 16.26 percent. AGI stock price is now 0.13% away from the 50-day moving average and 13.62% away from the 200-day moving average. The market capitalization of the company currently stands at $6.47B.
In total, 5 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $14.44 as their price target over the next twelve months.
A total of 0.29% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AGI stock. A new stake in Alamos Gold Inc. shares was purchased by SCOUT INVESTMENTS, INC. during the first quarter worth $13,633,000. NATIXIS invested $13,400,000 in shares of AGI during the first quarter. In the first quarter, CAPITAL GROWTH MANAGEMENT LP acquired a new stake in Alamos Gold Inc. valued at approximately $9,904,000. HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in AGI for approximately $9,026,000. CLARIVEST ASSET MANAGEMENT LLC purchased a new stake in AGI valued at around $3,474,000 in the second quarter. In total, there are 388 active investors with 67.36% ownership of the company’s stock.
With an opening price of $12.39 on Monday morning, Alamos Gold Inc. (NYSE: AGI) set off the trading day. During the past 12 months, Alamos Gold Inc. has had a low of $6.35 and a high of $14.12. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.50, and a quick ratio of 1.20. The fifty day moving average price for AGI is $12.34 and a two-hundred day moving average price translates $10.92 for the stock.
The latest earnings results from Alamos Gold Inc. (NYSE: AGI) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.12, beating analysts’ expectations of $0.1 by 0.02. This compares to -$0.02 EPS in the same period last year. The net profit margin was 10.60% and return on equity was 3.50% for AGI. The company reported revenue of $251.5 million for the quarter, compared to $184.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.31 percent. For the current quarter, analysts expect AGI to generate $250.17M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/29/2023. Investors who held shares on 06/15/2023 were paid a $0.025 dividend. On an annualized basis, this represents a $0.13 dividend and a 1.07% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, AGI is presently at 31.90%.
Alamos Gold Inc.(AGI) 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 and silver 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. Further, it holds interest in Quartz Mountain project located in the Oregon United states. Alamos Gold Inc. is based in Toronto, Canada.
