Alamos Gold (NYSE:AGI) Stock Price Up 3.4% – What’s Next?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s stock price traded up 3.4% on Thursday . The stock traded as high as $27.55 and last traded at $27.44. 800,537 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 2,503,159 shares. The stock had previously closed at $26.54.

Wall Street Analysts Forecast Growth

AGI has been the topic of several analyst reports. Royal Bank of Canada upped their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Bank of America dropped their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a report on Tuesday. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Sunday, April 6th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $27.63.

Alamos Gold Stock Up 4.4 %

The firm has a market cap of $12.27 billion, a P/E ratio of 42.30, a P/E/G ratio of 0.40 and a beta of 1.02. The firm’s fifty day moving average is $24.51 and its 200 day moving average is $21.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth $61,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold in the fourth quarter worth $108,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Alamos Gold during the fourth quarter worth about $136,000. 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.