Alamos Gold (NYSE:AGI) Trading Down 2.8% - What's Next?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI dropped 2.8% during trading on Tuesday . The company traded as low as $29.16 and last traded at $28.91. Approximately 1,780,415 shares changed hands during trading, a decline of 30% from the average daily volume of 2,534,293 shares. The stock had previously closed at $29.75.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of research reports. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Bank of America decreased their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada increased their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

The company's 50-day simple moving average is $25.83 and its 200 day simple moving average is $21.87. The company has a market capitalization of $11.76 billion, a P/E ratio of 40.52, a P/E/G ratio of 0.40 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $388.06 million. As a group, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold's payout ratio is 14.49%.

Institutional Investors Weigh In On Alamos Gold

A number of large investors have recently added to or reduced their stakes in AGI. Vanguard Group Inc. lifted its stake in shares of Alamos Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after buying an additional 279,280 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Alamos Gold by 17.8% in the 4th 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 period. CIBC Asset Management Inc boosted its holdings in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after acquiring an additional 2,867,027 shares during the period. Renaissance Technologies LLC grew its position in shares of 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 valued at $138,932,000 after purchasing an additional 318,360 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 5,516,186 shares during the period. Institutional investors 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.