Alamos Gold (NYSE:AGI) Stock Price Up 3.7%

Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI)’s share price rose 3.7% during trading on Friday . The company traded as high as $10.25 and last traded at $10.21. Approximately 273,035 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 3,277,290 shares. The stock had previously closed at $9.85.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. CIBC upped their price target on Alamos Gold from C$17.50 to C$18.50 in a research note on Tuesday, February 7th. TheStreet upgraded Alamos Gold from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. National Bank Financial upped their price objective on Alamos Gold from C$17.50 to C$18.00 in a report on Tuesday, February 14th. Canaccord Genuity Group downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Thursday, January 19th. Finally, Scotiabank upgraded Alamos Gold from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $10.00 to $11.00 in a report on Tuesday, November 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.50.

Alamos Gold Trading Up 2.2 %

The company has a 50 day moving average price of $10.64 and a 200-day moving average price of $9.16. The company has a market cap of $3.97 billion, a P/E ratio of 100.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05.

Alamos Gold (NYSE:AGI – Get Rating) (TSE:AGI) last released its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Alamos Gold had a return on equity of 4.03% and a net margin of 4.52%. The company had revenue of $231.90 million for the quarter, compared to the consensus estimate of $232.00 million. During the same quarter last year, the business posted $0.09 EPS. Alamos Gold’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts expect that Alamos Gold Inc. will post 0.41 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, March 15th. Alamos Gold’s payout ratio is presently 100.00%.

Institutional Trading of Alamos Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its stake in Alamos Gold by 10.6% in the third quarter. Private Advisor Group LLC now owns 26,761 shares of the basic materials company’s stock valued at $198,000 after purchasing an additional 2,575 shares during the last quarter. United Capital Financial Advisers LLC lifted its stake in Alamos Gold by 4.6% in the third quarter. United Capital Financial Advisers LLC now owns 31,394 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 1,390 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Alamos Gold by 3.1% during the third quarter. Bank of Montreal Can now owns 2,207,440 shares of the basic materials company’s stock worth $16,438,000 after acquiring an additional 66,870 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Alamos Gold by 4.9% during the second quarter. Renaissance Technologies LLC now owns 9,624,442 shares of the basic materials company’s stock worth $67,563,000 after acquiring an additional 446,911 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Alamos Gold during the third quarter worth $81,000. 50.22% of the stock is owned by institutional investors.

About Alamos Gold

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Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.