Alamos Gold (NYSE:AGI) Stock Price Up 3.9%

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) rose 3.9% during trading on Friday . The company traded as high as $16.73 and last traded at $16.71. Approximately 90,039 shares were traded during trading, a decline of 96% from the average daily volume of 2,391,942 shares. The stock had previously closed at $16.09.

Analysts Set New Price Targets

AGI has been the topic of a number of analyst reports. StockNews.com raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Royal Bank of Canada raised their price objective on shares of Alamos Gold from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Bank of America raised shares of Alamos Gold from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.75 to $27.25 in a research note on Tuesday, April 9th. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, National Bank Financial reissued an “outperform overweight” rating on shares of Alamos Gold in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.15.

Alamos Gold Stock Performance

The business’s 50 day moving average is $15.95 and its 200-day moving average is $14.19. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 0.73 and a beta of 1.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. Sell-side analysts anticipate that Alamos Gold Inc. will post 0.7 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.60%. Alamos Gold’s payout ratio is currently 19.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter worth $27,000. AJOVista LLC purchased a new position in shares of Alamos Gold during the 4th quarter worth $83,000. Fifth Third Bancorp purchased a new position in shares of Alamos Gold during the 4th quarter worth $96,000. Venturi Wealth Management LLC raised its holdings in shares of Alamos Gold by 20.7% during the 1st quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 1,200 shares during the period. Finally, St. Johns Investment Management Company LLC purchased a new position in shares of Alamos Gold during the 1st quarter worth $115,000. Hedge funds and other 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.