Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI 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 changing hands. The stock had previously closed at $26.51.
Analyst Ratings Changes
A number of brokerages have recently issued reports on AGI. Bank of America dropped their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday. Royal Bank of Canada upped their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday. Finally, National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $27.63.
Check Out Our Latest Research Report on Alamos Gold
Alamos Gold Price Performance
The stock has a 50 day moving average of $23.84 and a 200-day moving average of $20.99. The company has a market cap of $10.31 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. 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 - Get Free Report) TSE: AGI last announced its quarterly earnings results 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. 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 the consensus estimate of $388.06 million. Equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.
Alamos Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Alamos Gold's dividend payout ratio is currently 14.49%.
Institutional Investors Weigh In On Alamos Gold
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in Alamos Gold by 155.7% in the 4th 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Alamos Gold by 51.8% during the fourth 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 period. R Squared Ltd purchased a new stake in Alamos Gold in the 4th quarter valued at approximately $61,000. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold in the 4th quarter valued at about $136,000. 64.33% of the stock is owned by hedge funds and other institutional investors.
About Alamos Gold
(
Get Free Report)
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.
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