Alamos Gold (NYSE:AGI) Hits New 52-Week High - Time to Buy?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI's stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.40 and last traded at $26.46, with a volume of 1144180 shares traded. The stock had previously closed at $25.67.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. StockNews.com downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Royal Bank of Canada raised their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alamos Gold has an average rating of "Buy" and an average price target of $26.06.

Alamos Gold Stock Down 0.5 %

The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 0.40 and a beta of 1.15. The stock has a 50 day moving average of $23.13 and a 200 day moving average of $20.74.

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

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid 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 yield of 0.38%. Alamos Gold's dividend payout ratio (DPR) is 14.49%.

Institutional Investors Weigh In On Alamos Gold

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of 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 worth $136,011,000 after acquiring an additional 5,516,186 shares during the period. Norges Bank acquired a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $100,694,000. CIBC Asset Management Inc raised its holdings 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 last quarter. FMR LLC boosted its position in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after buying an additional 2,148,153 shares during the period. Finally, Addenda Capital Inc. acquired a new position in shares of Alamos Gold during the fourth quarter worth approximately $34,869,000. 64.33% of the stock is owned by institutional investors and hedge funds.

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.