Alamos Gold (NYSE:AGI) Trading 4.1% Higher – Should You Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s share price was up 4.1% during mid-day trading on Monday . The stock traded as high as $21.74 and last traded at $21.80. Approximately 1,525,576 shares were traded during trading, a decline of 19% from the average daily volume of 1,880,875 shares. The stock had previously closed at $20.93.

Wall Street Analyst Weigh In

AGI has been the subject of several analyst reports. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Trading Up 4.0 %

The company’s fifty day simple moving average is $19.34 and its two-hundred day simple moving average is $19.21. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 0.62 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million during the quarter. Research analysts forecast that Alamos Gold Inc. will post 0.81 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. Alamos Gold’s dividend payout ratio is presently 16.67%.

Institutional Investors Weigh In On Alamos Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at $47,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd purchased a new stake in Alamos Gold in the 4th quarter worth about $61,000. Finally, Eastern Bank purchased a new stake in Alamos Gold in the 3rd quarter worth about $111,000. 64.33% of the stock is owned by institutional investors.

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.