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

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI's share price gapped up prior to trading on Monday . The stock had previously closed at $24.72, but opened at $25.61. Alamos Gold shares last traded at $25.21, with a volume of 924,188 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Bank of America dropped their target price on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.38.

Alamos Gold Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm's 50-day moving average price is $26.46 and its two-hundred day moving average price is $22.24. The firm has a market cap of $11.25 billion, a PE ratio of 38.77, 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 results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter last year, the firm earned $0.13 EPS. The business's revenue was up 20.0% on a year-over-year basis. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. Alamos Gold's dividend payout ratio is presently 16.13%.

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 valued at $38,000 after acquiring an additional 1,157 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Alamos Gold during the first quarter valued at approximately $41,000. SBI Securities Co. Ltd. grew its stake in shares of Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after acquiring an additional 660 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Alamos Gold by 51.8% during 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. Finally, R Squared Ltd acquired a new position in shares of Alamos Gold in the fourth quarter worth about $61,000. Hedge funds and other institutional investors 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.