Alamos Gold (NYSE:AGI) Sets New 12-Month High – Here’s What Happened

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $30.01 and last traded at $29.68, with a volume of 2679281 shares. The stock had previously closed at $29.38.

Analyst Ratings Changes

Several equities research analysts have commented on AGI shares. Royal Bank of Canada upped their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research note on Monday. Finally, StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $30.38.

Alamos Gold Price Performance

The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 0.40 and a beta of 1.02. The company’s fifty day moving average is $24.80 and its 200 day moving average is $21.35. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The company had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. On average, equities research analysts predict 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, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is 14.49%.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently made changes to their positions in AGI. Blue Trust Inc. lifted its stake in Alamos Gold by 155.7% in the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 856 shares during the last quarter. R Squared Ltd bought a new position in Alamos Gold during the fourth quarter worth about $61,000. Cutler Capital Management LLC acquired a new position in Alamos Gold during the fourth quarter worth approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new stake in Alamos Gold in the 4th quarter valued at $136,000. 64.33% of the stock is owned by institutional investors.

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.