Alamos Gold Inc (TSE:AGI) (NYSE:AGI) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$8.86.
Several equities research analysts have recently commented on AGI shares. Raymond James restated a “market perform” rating and set a C$8.50 price objective on shares of Alamos Gold in a report on Monday, March 4th. National Bank Financial downgraded Alamos Gold from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$7.50 to C$7.25 in a report on Thursday, March 21st.
Shares of AGI stock opened at C$7.06 on Tuesday. The company has a market capitalization of $2.73 billion and a price-to-earnings ratio of -46.75. The company has a quick ratio of 2.05, a current ratio of 3.26 and a debt-to-equity ratio of 0.10. Alamos Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$7.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.013 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.05 annualized dividend and a dividend yield of 0.74%. Alamos Gold’s dividend payout ratio is -19.87%.
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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