Alamos Gold (NYSE:AGI) Hits New 1-Year High – Time to Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $27.32 and last traded at $27.05, with a volume of 2246967 shares changing hands. The stock had previously closed at $26.51.

Analyst Upgrades and Downgrades

AGI has been the topic of a number of research analyst reports. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada raised their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Alamos Gold has a consensus rating of “Buy” and an average price target of $26.81.

Alamos Gold Trading Down 8.7 %

The company has a market capitalization of $10.32 billion, a PE ratio of 35.56, a P/E/G ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The business has a fifty day moving average price of $23.76 and a 200 day moving average price of $20.95.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Alamos Gold’s payout ratio is 14.49%.

Institutional Trading of Alamos Gold

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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. R Squared Ltd acquired a new position in Alamos Gold during the 4th quarter worth approximately $61,000. Cutler Capital Management LLC purchased a new position in Alamos Gold in the 4th quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Alamos Gold in the fourth quarter valued at approximately $136,000. 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.