Alamos Gold (NYSE:AGI) Shares Gap Up - Still a Buy?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares gapped up prior to trading on Monday . The stock had previously closed at $29.58, but opened at $30.73. Alamos Gold shares last traded at $29.96, with a volume of 447,588 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Bank of America decreased their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Alamos Gold presently has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Performance

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 stock has a 50-day moving average of $25.83 and a 200 day moving average of $21.85. The stock has a market cap of $11.76 billion, a PE ratio of 40.52, a P/E/G ratio of 0.40 and a beta of 1.02.

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

Alamos Gold Announces Dividend

The business also recently announced 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 was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.36%. Alamos Gold's payout ratio is 14.49%.

Institutional Trading of Alamos Gold

A number of large investors have recently made changes to their positions in AGI. Sunbelt Securities Inc. purchased a new position in shares of Alamos Gold in the 1st quarter valued at about $41,000. Blue Trust Inc. increased its stake in 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 purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd acquired a new stake in Alamos Gold during the fourth quarter worth approximately $61,000. Finally, Cutler Capital Management LLC purchased a new stake in shares of Alamos Gold during the 4th quarter worth approximately $108,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Company Profile

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.