Alamos Gold (NYSE:AGI) Shares Gap Up - What's Next?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI 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 traded.

Analyst Upgrades and Downgrades

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

Alamos Gold Stock Up 0.0%

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 firm has a 50-day moving average price of $26.71 and a 200 day moving average price of $22.74. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 0.40 and a beta of 0.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same period in the prior year, the company earned $0.13 earnings per share. The business's quarterly revenue was up 20.0% compared to the same quarter last year. Sell-side analysts predict 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 paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Banque Transatlantique SA acquired a new position in shares of Alamos Gold during the 1st quarter worth approximately $31,000. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the 1st quarter worth $41,000. SBI Securities Co. Ltd. grew its holdings in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Alamos Gold during the 4th quarter worth $61,000. Institutional investors and hedge funds own 64.33% of the company's stock.

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.