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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) gapped down prior to trading on Monday . The stock had previously closed at $18.87, but opened at $18.13. Alamos Gold shares last traded at $18.26, with a volume of 42,797 shares.

Wall Street Analyst Weigh In

A number of brokerages have commented on AGI. Jefferies Financial Group lifted their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank raised their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada raised their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.06.

Alamos Gold Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The stock has a fifty day simple moving average of $19.84 and a 200-day simple moving average of $18.13. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 0.85 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter. On average, equities research analysts anticipate that Alamos Gold Inc. will post 0.76 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.55%. Alamos Gold’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On Alamos Gold

Hedge funds have recently bought and sold shares of the business. Baldwin Brothers LLC MA purchased a new position in shares of Alamos Gold during the 2nd quarter valued at approximately $47,000. Hara Capital LLC purchased a new position in Alamos Gold during the third quarter valued at $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold in the second quarter valued at about $48,000. Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold during the second quarter worth about $88,000. Finally, Eastern Bank acquired a new position in shares of Alamos Gold during the 3rd quarter worth about $111,000. 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.