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

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

Analysts Set New Price Targets

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

Alamos Gold Stock Performance

The business's fifty day moving average is $26.46 and its 200-day moving average is $22.24. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market cap of $11.14 billion, a PE ratio of 38.39, a P/E/G ratio of 0.40 and a beta of 0.60.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released 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 for the quarter, compared to the consensus estimate of $324.98 million. During the same period in the prior year, the firm posted $0.13 EPS. The business's revenue for the quarter was up 20.0% on a year-over-year basis. As a group, research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's dividend payout ratio is currently 16.13%.

Institutional Investors Weigh In On Alamos Gold

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the period. Sunbelt Securities Inc. bought a new position in Alamos Gold in the first quarter worth about $41,000. SBI Securities Co. Ltd. grew its position in shares of Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after buying an additional 660 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold by 51.8% during the 4th 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 in the last quarter. Finally, R Squared Ltd purchased a new position in Alamos Gold in the fourth quarter worth $61,000. 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.