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

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

Analyst Upgrades and Downgrades

AGI has been the subject of several research reports. StockNews.com downgraded shares of 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 research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $25.06.

Alamos Gold Stock Up 2.1 %

The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $8.99 billion, a PE ratio of 35.63, a P/E/G ratio of 0.62 and a beta of 1.16. The stock’s fifty day simple moving average is $19.21 and its 200-day simple moving average is $19.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results 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 during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 0.81 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.

Institutional Investors Weigh In On Alamos Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Alamos Gold by 51.8% during 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 period. Hara Capital LLC bought a new stake in shares of Alamos Gold during the third quarter valued at about $47,000. R Squared Ltd bought a new stake in shares of Alamos Gold during the fourth quarter valued at about $61,000. Finally, Eastern Bank bought a new stake in shares of Alamos Gold during the third quarter valued at about $111,000. 64.33% of the stock is currently owned by 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.