Alamos Gold (NYSE:AGI) Cut to Hold at National Bank Financial

National Bank Financial downgraded shares of Alamos Gold (NYSE:AGIFree Report) (TSE:AGI) from a strong-buy rating to a hold rating in a research report report published on Sunday, Zacks.com reports. National Bank Financial also issued estimates for Alamos Gold’s FY2026 earnings at $0.60 EPS.

Several other analysts also recently commented on AGI. Scotiabank upped their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a sector outperform rating in a research note on Monday, August 19th. StockNews.com upgraded Alamos Gold from a hold rating to a buy rating in a research note on Thursday, May 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Alamos Gold from $20.00 to $21.00 and gave the company a buy rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $23.31.

Read Our Latest Stock Report on AGI

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $18.91 on Friday. Alamos Gold has a 12 month low of $10.78 and a 12 month high of $20.24. The firm has a market capitalization of $7.55 billion, a P/E ratio of 36.37, a P/E/G ratio of 0.78 and a beta of 1.18. The company’s fifty day moving average price is $17.92 and its 200 day moving average price is $16.04.

Alamos Gold (NYSE:AGIGet Free Report) (TSE:AGI) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 EPS. On average, sell-side analysts anticipate that Alamos Gold will post 0.75 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Alamos Gold in the fourth quarter valued at $64,117,000. Mackenzie Financial Corp lifted its holdings in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Alamos Gold by 8.3% in the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company’s stock valued at $772,863,000 after purchasing an additional 4,009,220 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after purchasing an additional 2,756,759 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Alamos Gold by 311.9% during the 2nd quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company’s stock worth $42,480,000 after purchasing an additional 2,051,935 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Company Profile

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Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold 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.

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