Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares gapped down prior to trading on Monday . The stock had previously closed at $27.05, but opened at $25.84. Alamos Gold shares last traded at $25.02, with a volume of 789,324 shares changing hands.
Wall Street Analyst Weigh In
AGI has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. StockNews.com downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America dropped their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.38.
Read Our Latest Analysis on AGI
Alamos Gold Trading Down 8.2%
The company has a market cap of $10.44 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 0.40 and a beta of 0.60. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average price is $26.61 and its 200 day moving average price is $22.34.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The business's quarterly revenue was up 20.0% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is currently 16.13%.
Institutional Trading of Alamos Gold
Several hedge funds have recently bought and sold shares of AGI. Dimensional Fund Advisors LP grew its position in Alamos Gold by 296.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock valued at $136,011,000 after purchasing an additional 5,516,186 shares during the period. Norges Bank acquired a new stake in Alamos Gold in the 4th quarter valued at $100,694,000. CIBC Asset Management Inc grew its position in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the period. Addenda Capital Inc. acquired a new stake in Alamos Gold in the 4th quarter valued at $34,869,000. Finally, Raymond James Financial Inc. purchased a new position in Alamos Gold during the 4th quarter worth $28,950,000. Institutional investors and hedge funds own 64.33% of the company's stock.
Alamos Gold Company Profile
(
Get Free Report)
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.
Further Reading
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