Alamos Gold (NYSE:AGI) Shares Gap Up - What's Next?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI's share price gapped up prior to trading on Tuesday . The stock had previously closed at $23.05, but opened at $23.55. Alamos Gold shares last traded at $23.04, with a volume of 516,253 shares.

Analyst Ratings Changes

A number of brokerages have commented on AGI. Royal Bank of Canada raised their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $26.06.

Alamos Gold Stock Up 5.3 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The business has a 50 day simple moving average of $20.98 and a 200 day simple moving average of $20.00. The stock has a market cap of $10.24 billion, a PE ratio of 35.31, a P/E/G ratio of 0.40 and a beta of 1.16.

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 EPS for the quarter, beating the consensus estimate 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 return on equity of 10.05% and a net margin of 21.11%. On average, equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Alamos Gold's dividend payout ratio (DPR) is 14.49%.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in Alamos Gold by 155.7% during the fourth 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after acquiring an additional 856 shares during the last quarter. Hara Capital LLC bought a new position in shares of Alamos Gold in the 3rd quarter valued at approximately $47,000. R Squared Ltd acquired a new stake in Alamos Gold in the 4th quarter worth approximately $61,000. Finally, Cutler Capital Management LLC bought a new stake in Alamos Gold during the fourth quarter worth approximately $108,000. Institutional investors and hedge funds own 64.33% of the company's stock.

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.