Stock Traders Buy Large Volume of Alamos Gold Call Options (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw unusually large options trading activity on Friday. Traders acquired 16,005 call options on the stock. This represents an increase of 241% compared to the average volume of 4,697 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its position in shares of Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after buying an additional 300 shares in the last quarter. Pinnacle Wealth Management Group Inc. raised its position in Alamos Gold by 0.5% during the third quarter. Pinnacle Wealth Management Group Inc. now owns 72,121 shares of the basic materials company’s stock valued at $2,514,000 after purchasing an additional 390 shares during the period. Williamson Legacy Group LLC lifted its stake in shares of Alamos Gold by 0.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 57,228 shares of the basic materials company’s stock valued at $1,520,000 after purchasing an additional 400 shares during the last quarter. StoneX Group Inc. boosted its holdings in shares of Alamos Gold by 1.8% in the 2nd quarter. StoneX Group Inc. now owns 26,083 shares of the basic materials company’s stock worth $693,000 after purchasing an additional 455 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in Alamos Gold by 0.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 197,376 shares of the basic materials company’s stock valued at $6,881,000 after buying an additional 543 shares during the period. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

AGI has been the subject of several research reports. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Weiss Ratings lowered Alamos Gold from a “buy (a)” rating to a “buy (b+)” rating in a research note on Thursday. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Alamos Gold has an average rating of “Buy” and a consensus price target of $41.00.

Alamos Gold Stock Down 0.1%

Shares of AGI stock traded down $0.04 during trading hours on Friday, hitting $33.43. 1,689,678 shares of the company’s stock traded hands, compared to its average volume of 3,609,030. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $32.93 and its two-hundred day simple moving average is $28.83. Alamos Gold has a 12-month low of $17.42 and a 12-month high of $37.54. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. On average, analysts expect that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s payout ratio is 7.81%.

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.