Alamos Gold (NYSE:AGI) Sets New 12-Month High – What’s Next?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s stock price reached a new 52-week high on Thursday . The company traded as high as $27.32 and last traded at $27.05, with a volume of 2246967 shares traded. The stock had previously closed at $26.51.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGI. Royal Bank of Canada increased their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Friday. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $26.81.

Alamos Gold Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a market capitalization of $10.32 billion, a PE ratio of 35.56, a P/E/G ratio of 0.40 and a beta of 1.15. The company’s fifty day simple moving average is $23.76 and its two-hundred day simple moving average is $20.95.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The business had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. As a group, sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.41%. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Institutional Trading of Alamos Gold

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after purchasing an additional 5,516,186 shares in the last quarter. Norges Bank acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $100,694,000. CIBC Asset Management Inc lifted its stake in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after buying an additional 2,867,027 shares during the period. Addenda Capital Inc. acquired a new stake in Alamos Gold during the fourth quarter worth approximately $34,869,000. Finally, Raymond James Financial Inc. purchased a new stake in Alamos Gold in the 4th quarter worth approximately $28,950,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

About Alamos Gold

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.