Alamos Gold (NYSE:AGI) Shares Down 3.7% - Time to Sell?

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI traded down 3.7% during trading on Friday . The stock traded as low as $24.90 and last traded at $24.78. 1,763,661 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 2,588,077 shares. The stock had previously closed at $25.73.

Analysts Set New Price Targets

AGI has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. 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. National Bank Financial raised shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $30.38.

Alamos Gold Stock Performance

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 stock's 50-day simple moving average is $26.24 and its 200-day simple moving average is $22.14. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02.

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 company had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Alamos Gold's revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. Analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's payout ratio is presently 16.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGI. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock valued at $295,105,000 after purchasing an additional 279,280 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 boosted its stake in shares of 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 in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Alamos Gold by 4.4% during the 4th 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 position in Alamos Gold by 296.6% during the 4th 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 in the last quarter. 64.33% of the stock is owned by institutional investors.

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.