Alamos Gold (NYSE:AGI) Trading Down 2.8% - Here's What Happened

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares traded down 2.8% during trading on Tuesday . The company traded as low as $29.16 and last traded at $28.91. 1,780,415 shares were traded during mid-day trading, a decline of 30% from the average session volume of 2,534,293 shares. The stock had previously closed at $29.75.

Analyst Upgrades and Downgrades

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

Alamos Gold Price Performance

The stock's 50 day moving average is $25.72 and its two-hundred day moving average is $21.79. The stock has a market capitalization of $11.72 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

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 (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for 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%. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. Alamos Gold's payout ratio is 14.49%.

Institutional Investors Weigh In On Alamos Gold

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake 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 worth $38,000 after buying an additional 1,157 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Alamos Gold during the 1st quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 period. R Squared Ltd acquired a new stake in Alamos Gold during the fourth quarter worth about $61,000. Finally, Cutler Capital Management LLC acquired a new position in Alamos Gold in the 4th quarter valued at about $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.