Alamos Gold Target of Unusually High Options Trading (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw unusually large options trading on Tuesday. Stock investors bought 6,515 call options on the stock. This is an increase of 147% compared to the average volume of 2,638 call options.

Hedge Funds Weigh In On Alamos Gold

Several large investors have recently made changes to their positions in AGI. Norges Bank acquired a new position in shares of Alamos Gold during the fourth quarter valued at $64,117,000. Van ECK Associates Corp lifted its stake in shares of Alamos Gold by 8.3% during the first quarter. Van ECK Associates Corp now owns 52,397,485 shares of the basic materials company’s stock valued at $772,863,000 after acquiring an additional 4,009,220 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after purchasing an additional 2,756,759 shares during the last quarter. Ninety One UK Ltd increased its holdings in Alamos Gold by 84.9% in the fourth quarter. Ninety One UK Ltd now owns 3,002,701 shares of the basic materials company’s stock valued at $40,580,000 after purchasing an additional 1,378,456 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in Alamos Gold by 3,490.2% in the fourth quarter. Fiera Capital Corp now owns 1,213,495 shares of the basic materials company’s stock valued at $16,373,000 after purchasing an additional 1,179,695 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Alamos Gold stock opened at $15.47 on Thursday. The firm has a market cap of $6.16 billion, a P/E ratio of 29.75, a P/E/G ratio of 0.70 and a beta of 1.23. The business’s fifty day moving average is $15.80 and its two-hundred day moving average is $14.05. Alamos Gold has a 52 week low of $10.78 and a 52 week high of $17.29.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The business had revenue of $277.60 million for the quarter, compared to analyst estimates of $271.15 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that Alamos Gold will post 0.69 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, June 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

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

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.