Alamos Gold (NYSE:AGI) Shares Gap Up - Still a Buy?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI shares gapped up before the market opened on Friday . The stock had previously closed at $25.68, but opened at $26.33. Alamos Gold shares last traded at $26.27, with a volume of 492,210 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on AGI. 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 report on Friday, April 4th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Bank of America dropped their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 2.9%

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 stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 0.40 and a beta of 0.60. The firm's fifty day moving average is $26.71 and its 200-day moving average is $22.59.

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 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm's quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

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. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 16.13%.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Alamos Gold by 1.3% in the first quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock worth $433,133,000 after purchasing an additional 214,933 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Alamos Gold by 17.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company's stock worth $173,991,000 after acquiring an additional 1,424,550 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after acquiring an additional 2,867,027 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company's stock worth $138,932,000 after acquiring an additional 318,360 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after acquiring an additional 5,516,186 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

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.

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