Alamos Gold (NYSE:AGI) Shares Down 4% - Time to Sell?

Shares of Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI traded down 4% on Tuesday . The company traded as low as $25.08 and last traded at $25.68. 1,106,803 shares were traded during trading, a decline of 61% from the average session volume of 2,819,966 shares. The stock had previously closed at $26.74.

Analyst Ratings Changes

AGI has been the subject of several recent research reports. Bank of America cut their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 1.0%

The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 0.60 and a beta of 0.55. The firm has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $23.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94.

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 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The firm 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 earnings per share. Alamos Gold's quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, June 12th. Alamos Gold's dividend payout ratio is currently 16.13%.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently modified their holdings of the stock. Banque Transatlantique SA acquired a new position in Alamos Gold during the 1st quarter worth $31,000. Sunbelt Securities Inc. bought a new stake in shares of Alamos Gold during the first quarter worth $41,000. SBI Securities Co. Ltd. boosted its holdings in Alamos Gold by 67.0% in 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 during the last quarter. SVB Wealth LLC acquired a new stake in Alamos Gold in the first quarter worth about $67,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Alamos Gold in the first quarter worth about $68,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

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.