Alamos Gold Target of Unusually High Options Trading (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 12,042 put options on the stock. This represents an increase of 171% compared to the average volume of 4,438 put options.

Analyst Upgrades and Downgrades

AGI has been the subject of several research reports. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a report on Sunday, April 6th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank lifted their target price on Alamos Gold from $25.00 to $33.00 and gave the company a "sector outperform" rating in a research report on Monday. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Bank of America reduced their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $30.38.

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Institutional Investors Weigh In On Alamos Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 bought a new position in Alamos Gold during the 4th quarter valued at $61,000. Cutler Capital Management LLC bought a new position in Alamos Gold during the 4th quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the 4th quarter valued at about $136,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Performance

NYSE AGI traded up $0.06 on Monday, reaching $29.28. The stock had a trading volume of 1,578,040 shares, compared to its average volume of 2,516,448. The stock has a market cap of $12.31 billion, a P/E ratio of 42.44, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. Alamos Gold has a 12-month low of $14.31 and a 12-month high of $29.99. The business's 50-day moving average price is $24.51 and its 200 day moving average price is $21.23. 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 issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating 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 business had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. As a group, equities analysts expect that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is presently 14.49%.

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.