Alamos Gold Sees Unusually High Options Volume (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the recipient of some unusual options trading activity on Thursday. Investors acquired 10,182 call options on the company. This is an increase of approximately 87% compared to the typical daily volume of 5,434 call options.

Alamos Gold Price Performance

NYSE AGI opened at $25.76 on Friday. 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 has a 12-month low of $14.72 and a 12-month high of $31.00. The company has a market capitalization of $10.83 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The firm’s 50 day moving average is $26.21 and its 200-day moving average is $22.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $333.00 million for the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Alamos Gold’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Equities research analysts anticipate that Alamos Gold will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

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 dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. Alamos Gold’s payout ratio is 16.13%.

Analyst Ratings Changes

AGI has been the topic of a number of research reports. Royal Bank of Canada lifted their price target 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 cut their price target on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, StockNews.com upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $30.38.

Hedge Funds Weigh In On Alamos Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGI. Dimensional Fund Advisors LP boosted its position in Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock worth $136,011,000 after purchasing an additional 5,516,186 shares during the period. Norges Bank bought a new position in Alamos Gold during the fourth quarter worth $100,694,000. CIBC Asset Management Inc boosted its position in Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the period. Addenda Capital Inc. bought a new position in Alamos Gold during the fourth quarter worth $34,869,000. Finally, Raymond James Financial Inc. bought a new position in Alamos Gold during the fourth quarter worth $28,950,000. 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.