Alamos Gold (NYSE:AGI) Shares Gap Up – What’s Next?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $25.68, but opened at $26.33. Alamos Gold shares last traded at $26.27, with a volume of 492,210 shares.

Analysts Set New Price Targets

AGI has been the topic of several recent analyst reports. Bank of America lowered their price target on Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Monday, April 14th. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Royal Bank of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Finally, National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.38.

Alamos Gold Stock Performance

The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 0.40 and a beta of 0.60. The company’s fifty day simple moving average is $26.72 and its 200 day simple moving average is $22.66. 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 released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Alamos Gold’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.38%. Alamos Gold’s payout ratio is presently 16.13%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Alamos Gold by 129.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after acquiring an additional 571,536 shares during the period. Empowered Funds LLC bought a new stake in shares of Alamos Gold in the first quarter valued at about $200,000. Sciencast Management LP bought a new stake in shares of Alamos Gold in the first quarter valued at about $1,705,000. Goldman Sachs Group Inc. boosted its position in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after acquiring an additional 1,227,695 shares during the period. Finally, Knightsbridge Asset Management LLC bought a new stake in shares of Alamos Gold in the first quarter valued at about $218,000. 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.