Alamos Gold (NYSE:AGI) Hits New 52-Week High – Should You Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.84 and last traded at $21.38, with a volume of 3080421 shares changing hands. The stock had previously closed at $20.93.

Analyst Upgrades and Downgrades

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

Alamos Gold Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $9.39 billion, a PE ratio of 37.25, a PEG ratio of 0.62 and a beta of 1.16. The stock has a 50-day moving average price of $19.34 and a 200 day moving average price of $19.21.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Equities analysts forecast that Alamos Gold Inc. will post 0.81 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.45%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Institutional Investors Weigh In On Alamos Gold

Large investors have recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in shares of Alamos Gold by 2.0% in the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares during the last quarter. Veracity Capital LLC boosted its stake in Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 694 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Alamos Gold by 4.0% during the third quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after buying an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 valued at $46,000 after buying an additional 856 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Alamos Gold by 4.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock valued at $400,000 after buying an additional 1,000 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

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.