Alamos Gold Sees Unusually High Options Volume (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI saw unusually large options trading on Monday. Traders purchased 9,465 call options on the stock. This is an increase of 121% compared to the average volume of 4,276 call options.

Wall Street Analyst Weigh In

AGI has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Bank of America cut their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday, April 6th. 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. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $27.63.

Institutional Trading of Alamos Gold

A number of institutional investors and hedge funds have recently modified their holdings of AGI. Baird Financial Group Inc. raised its stake in Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after buying an additional 614 shares during the last quarter. Veracity Capital LLC increased its position in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock valued at $416,000 after purchasing an additional 694 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Alamos Gold by 4.0% in the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company's stock worth $375,000 after buying an additional 728 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Alamos Gold by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after buying an additional 854 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 worth $46,000 after acquiring an additional 856 shares during the period. Institutional investors own 64.33% of the company's stock.

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Alamos Gold Stock Up 4.4 %

AGI traded up $1.22 during midday trading on Friday, reaching $29.19. The company's stock had a trading volume of 6,016,646 shares, compared to its average volume of 2,531,595. Alamos Gold has a 1 year low of $14.31 and a 1 year high of $29.99. The stock's 50-day moving average is $24.51 and its 200-day moving average is $21.22. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 0.40 and a beta of 1.02. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. As a group, research analysts expect that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 0.34%. Alamos Gold's payout ratio is currently 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.