Alamos Gold (NYSE:AGI) Trading Up 3.4% – Should You Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) shares traded up 3.4% during trading on Thursday . The stock traded as high as $27.55 and last traded at $27.44. 800,537 shares changed hands during trading, a decline of 68% from the average session volume of 2,503,159 shares. The stock had previously closed at $26.54.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AGI shares. National Bank Financial raised Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Bank of America decreased their target price on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank of Canada boosted their target price on Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Finally, StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday, April 6th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $27.63.

Alamos Gold Trading Up 4.4 %

The firm has a 50 day moving average price of $24.51 and a two-hundred day moving average price of $21.22. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 0.40 and a beta of 1.02.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.34%. Alamos Gold’s payout ratio is 14.49%.

Institutional Investors Weigh In On Alamos Gold

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Capital Wealth Advisors bought a new position in shares of Alamos Gold during the 1st quarter worth approximately $221,000. Columbia Asset Management acquired a new position in shares of Alamos Gold during the 1st quarter valued at $233,000. PKO Investment Management Joint Stock Co bought a new position in Alamos Gold during the fourth quarter worth $3,331,000. B. Riley Wealth Advisors Inc. grew its holdings in Alamos Gold by 45.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 185,652 shares of the basic materials company’s stock worth $3,423,000 after purchasing an additional 58,402 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Alamos Gold by 2.0% in the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company’s stock valued at $135,855,000 after purchasing an additional 145,726 shares in the last quarter. Institutional investors own 64.33% of the company’s stock.

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.