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

Key Points

• Alamos Gold shares fell 4.8%, opening at $32.60 versus a prior close of $34.50, and last traded near $33.04. The stock remains below its 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a generally positive outlook: seven rate the stock a Buy and two a Hold, producing a consensus “Moderate Buy” rating and an average price target of $47.50.
• Alamos reported quarterly EPS of $0.59, exceeding the $0.52 consensus estimate, while revenue rose 35.6% year over year to $594.1 million. The company also pays a quarterly dividend of $0.04 per share, for a 0.5% yield.

Alamos Gold Inc. (NYSE:AGI - Get Free Report) TSE: AGI gapped down prior to trading on Monday. The stock had previously closed at $34.50, but opened at $32.60. Alamos Gold shares last traded at $33.0410, with a volume of 516,715 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of Alamos Gold from $50.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $42.00 price objective on shares of Alamos Gold in a report on Wednesday, September 16th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Jefferies Financial Group cut their price objective on shares of Alamos Gold from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Finally, Weiss Ratings lowered shares of Alamos Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.50.

Alamos Gold Stock Down 4.8%

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $13.74 billion, a P/E ratio of 11.87, a PEG ratio of 0.47 and a beta of 0.61. The firm's fifty day moving average price is $33.86 and its 200-day moving average price is $37.54.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $594.10 million for the quarter, compared to analysts' expectations of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The firm's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.11 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold's dividend payout ratio (DPR) is 5.78%.

Institutional Trading of Alamos Gold

Several institutional investors have recently modified their holdings of AGI. Andra AP fonden boosted its stake in Alamos Gold by 139.8% during the second quarter. Andra AP fonden now owns 310,612 shares of the basic materials company's stock valued at $9,424,000 after buying an additional 181,100 shares in the last quarter. Tidal Investments LLC raised its position in Alamos Gold by 1.8% in the second quarter. Tidal Investments LLC now owns 59,014 shares of the basic materials company's stock worth $1,790,000 after acquiring an additional 1,067 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Alamos Gold by 50.7% in the 2nd quarter. Engineers Gate Manager LP now owns 44,634 shares of the basic materials company's stock valued at $1,354,000 after acquiring an additional 15,017 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Alamos Gold during the 2nd quarter valued at about $192,000. Finally, Cypress Capital Management LLC WY boosted its position in shares of Alamos Gold by 5.0% during the 2nd quarter. Cypress Capital Management LLC WY now owns 29,685 shares of the basic materials company's stock valued at $901,000 after purchasing an additional 1,415 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company produces gold doré and related by-products from its wholly owned mining operations in Canada and Mexico, and also maintains a portfolio of exploration and development projects.

Alamos Gold's principal Canadian assets are the Island Gold and Young-Davidson mines in Ontario, along with the Magino mine near Dubreuilville, Ontario. In Mexico, the company operates the Mulatos mining district in Sonora, which includes the La Yaqui Grande mine.

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