Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shot up 4.1% during trading on Monday . The stock traded as high as $21.74 and last traded at $21.80. 1,525,576 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 1,880,875 shares. The stock had previously closed at $20.93.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on AGI. StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. 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 analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $25.06.
Read Our Latest Analysis on Alamos Gold
Alamos Gold Price Performance
The firm has a market cap of $9.04 billion, a PE ratio of 35.86, a P/E/G ratio of 0.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The business's fifty day moving average is $19.27 and its 200-day moving average is $19.18.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. On average, research analysts predict that Alamos Gold Inc. will post 0.81 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.46%. Alamos Gold's dividend payout ratio is presently 16.67%.
Institutional Investors Weigh In On Alamos Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of Alamos Gold by 16.7% in the fourth quarter. IFP Advisors Inc now owns 119,706 shares of the basic materials company's stock worth $2,207,000 after purchasing an additional 17,171 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its stake in shares of Alamos Gold by 6.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 239,041 shares of the basic materials company's stock valued at $4,408,000 after buying an additional 14,200 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in Alamos Gold by 14.4% in the 4th quarter. Navellier & Associates Inc. now owns 178,048 shares of the basic materials company's stock worth $3,283,000 after buying an additional 22,355 shares during the period. Bradley Foster & Sargent Inc. CT grew its stake in Alamos Gold by 47.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 176,795 shares of the basic materials company's stock valued at $3,260,000 after buying an additional 56,898 shares in the last quarter. Finally, Legacy Capital Group California Inc. raised its holdings in Alamos Gold by 65.9% during the 4th quarter. Legacy Capital Group California Inc. now owns 17,538 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 6,966 shares during the period. 64.33% of the stock is currently owned by institutional investors.
About Alamos Gold
(
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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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