Alamos Gold (NYSE:AGI) Trading Down 4% - Here's Why

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America cut their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada raised their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alamos Gold has an average rating of "Moderate Buy" and a consensus target price of $30.38.

Alamos Gold Trading Down 2.0%

The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. The firm has a market cap of $10.76 billion, a PE ratio of 41.30, a P/E/G ratio of 0.61 and a beta of 0.55. The business has a fifty day moving average price of $26.63 and a 200 day moving average price of $23.94.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a $0.025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Alamos Gold by 129.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company's stock worth $27,111,000 after buying an additional 571,536 shares during the period. Empowered Funds LLC purchased a new position in shares of Alamos Gold during the first quarter worth approximately $200,000. Sciencast Management LP acquired a new position in shares of Alamos Gold in the 1st quarter valued at $1,705,000. Goldman Sachs Group Inc. raised its position in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company's stock valued at $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Finally, Knightsbridge Asset Management LLC acquired a new stake in Alamos Gold during the 1st quarter worth $218,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

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.