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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI was the recipient of unusually large options trading activity on Wednesday. Traders purchased 13,078 call options on the stock. This represents an increase of approximately 285% compared to the average volume of 3,394 call options.

Wall Street Analyst Weigh In

AGI has been the topic of several recent research reports. Royal Bank of Canada lifted their price target on shares of 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 upgraded 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, Based on data from MarketBeat, Alamos Gold has a consensus rating of "Buy" and an average target price of $26.06.

Alamos Gold Trading Up 1.0 %

NYSE AGI traded up $0.26 on Friday, hitting $25.13. 3,467,114 shares of the stock were exchanged, compared to its average volume of 2,287,501. Alamos Gold has a 52-week low of $13.06 and a 52-week high of $25.36. 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 company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 36.41, a P/E/G ratio of 0.40 and a beta of 1.15. The company's 50-day moving average price is $21.77 and its two-hundred day moving average price is $20.22.

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Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping 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 firm had revenue of $375.80 million for the quarter, compared to analysts' expectations of $388.06 million. Research analysts predict that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold's dividend payout ratio is currently 14.49%.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds have recently modified their holdings of AGI. Blue Trust Inc. increased its stake in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 worth $46,000 after acquiring an additional 856 shares during the last quarter. R Squared Ltd acquired a new position in shares of Alamos Gold in the fourth quarter worth $61,000. Cutler Capital Management LLC acquired a new position in shares of Alamos Gold in the fourth quarter worth $108,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Alamos Gold in the fourth quarter worth $136,000. 64.33% of the stock is owned by institutional investors and hedge funds.

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.