Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI's stock price 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 trading hands.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on AGI shares. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. StockNews.com upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. Bank of America decreased their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada upped their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $30.38.
Check Out Our Latest Stock Analysis on Alamos Gold
Alamos Gold Trading Down 1.1 %
The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 40.52, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a 50 day moving average of $25.83 and a 200-day moving average of $21.85.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. On average, research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.
Alamos Gold Announces Dividend
The business also recently declared 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 0.36%. Alamos Gold's dividend payout ratio (DPR) is 14.49%.
Hedge Funds Weigh In On Alamos Gold
Several hedge funds and other institutional investors have recently made changes to their positions in AGI. Vanguard Group Inc. grew its holdings in Alamos Gold by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after acquiring an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Alamos Gold by 17.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after purchasing an additional 1,424,550 shares during the last quarter. CIBC Asset Management Inc grew its stake 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 worth $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock valued at $138,932,000 after buying an additional 318,360 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after buying an additional 5,516,186 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.
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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