Alamos Gold (NYSE:AGI) Stock Price Up 4.1% – Still a Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) rose 4.1% during trading on Monday . The stock traded as high as $21.74 and last traded at $21.80. Approximately 1,525,576 shares changed hands during trading, a decline of 19% from the average daily volume of 1,880,875 shares. The stock had previously closed at $20.93.

Wall Street Analyst Weigh In

AGI has been the subject of several recent analyst reports. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Stock Performance

The firm has a market cap of $8.99 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.16. The company has a 50 day simple moving average of $19.21 and a 200-day simple moving average of $19.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 0.81 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

Institutional Trading of Alamos Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in shares of 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 valued at $142,936,000 after purchasing an additional 2,867,027 shares during the period. FMR LLC boosted its stake in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after purchasing an additional 2,148,153 shares during the period. Addenda Capital Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $34,869,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company’s stock valued at $110,662,000 after purchasing an additional 891,255 shares during the period. Finally, Generate Investment Management Ltd boosted its stake in shares of Alamos Gold by 120.8% during the fourth quarter. Generate Investment Management Ltd now owns 818,945 shares of the basic materials company’s stock valued at $15,101,000 after purchasing an additional 448,074 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

About Alamos Gold

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.