Alamos Gold (NYSE:AGI) Sees Unusually-High Trading Volume

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw an uptick in trading volume on Wednesday . 1,859,577 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 2,402,284 shares.The stock last traded at $14.35 and had previously closed at $13.60.

Analyst Ratings Changes

AGI has been the topic of a number of research reports. National Bank Financial reiterated an “outperform overweight” rating on shares of Alamos Gold in a research report on Wednesday, January 3rd. Jefferies Financial Group started coverage on shares of Alamos Gold in a research report on Thursday, February 29th. They issued a “buy” rating and a $14.00 price objective for the company. StockNews.com lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $12.00 to $16.00 in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.38.

Alamos Gold Price Performance

The business’s 50 day simple moving average is $12.60 and its 200-day simple moving average is $12.79. The stock has a market capitalization of $5.85 billion, a P/E ratio of 27.83, a PEG ratio of 1.35 and a beta of 1.12.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $257.47 million. During the same quarter in the prior year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts anticipate that Alamos Gold Inc. will post 0.6 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 18.87%.

Hedge Funds Weigh In On Alamos Gold

Institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. boosted its stake in Alamos Gold by 5.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 1,432 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alamos Gold by 56.4% during the first quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company’s stock worth $4,505,000 after purchasing an additional 192,939 shares in the last quarter. Raymond James & Associates boosted its position in shares of Alamos Gold by 24.1% during the first quarter. Raymond James & Associates now owns 300,000 shares of the basic materials company’s stock worth $2,526,000 after purchasing an additional 58,298 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Alamos Gold in the 1st quarter valued at $101,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Alamos Gold by 9.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company’s stock valued at $517,000 after buying an additional 5,434 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold 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 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.