Alamos Gold (NYSE:AGI) Sets New 12-Month High After Analyst Upgrade

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) hit a new 52-week high during trading on Tuesday after Royal Bank of Canada raised their price target on the stock from $25.00 to $27.00. Royal Bank of Canada currently has an outperform rating on the stock. Alamos Gold traded as high as $23.06 and last traded at $22.80, with a volume of 3024939 shares. The stock had previously closed at $22.18.

A number of other research firms also recently weighed in on AGI. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $26.06.

Institutional Trading of Alamos Gold

Several hedge funds have recently modified their holdings of the company. Blue Trust Inc. grew its position in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the last quarter. Hara Capital LLC acquired a new stake in shares of Alamos Gold in the third quarter valued at $47,000. R Squared Ltd bought a new position in shares of Alamos Gold in the fourth quarter valued at about $61,000. Finally, Eastern Bank bought a new position in shares of Alamos Gold in the third quarter valued at about $111,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 1.6 %

The company’s 50-day moving average is $19.71 and its 200-day moving average is $19.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 0.66 and a beta of 1.16.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

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.