Stock Traders Purchase Large Volume of Alamos Gold Put Options (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw some unusual options trading on Wednesday. Investors purchased 12,042 put options on the company. This represents an increase of approximately 171% compared to the average volume of 4,438 put options.

Alamos Gold Trading Up 8.3 %

Shares of NYSE:AGI opened at $26.53 on Thursday. The stock’s fifty day moving average price is $24.22 and its 200-day moving average price is $21.11. Alamos Gold has a 1 year low of $14.31 and a 1 year high of $27.32. The company has a market cap of $11.15 billion, a P/E ratio of 38.44, a PEG ratio of 0.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.38%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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