Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares fell 2% on Monday . The stock traded as low as $25.69 and last traded at $25.58. 292,942 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,321,317 shares. The stock had previously closed at $26.11.
Wall Street Analysts Forecast Growth
AGI has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and an average price target of $26.06.
View Our Latest Stock Report on AGI
Alamos Gold Trading Down 0.0 %
The business has a 50 day moving average of $22.99 and a 200 day moving average of $20.66. The firm has a market capitalization of $11.23 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.
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, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold's dividend payout ratio (DPR) is currently 14.49%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Old West Investment Management LLC lifted its position in Alamos Gold by 11.0% in the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock valued at $9,689,000 after acquiring an additional 48,128 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Alamos Gold by 59.0% in 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 purchasing an additional 2,867,027 shares in the last quarter. Canoe Financial LP acquired a new position in shares of Alamos Gold during the fourth quarter worth about $4,066,000. National Bank of Canada FI grew its holdings in shares of Alamos Gold by 18.4% during the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock worth $30,492,000 after buying an additional 237,278 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Alamos Gold by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company's stock valued at $6,224,000 after buying an additional 29,933 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
Alamos Gold Company Profile
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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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