Alamos Gold (NYSE:AGI) Sets New 52-Week High – What’s Next?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.06 and last traded at $22.80, with a volume of 3024939 shares trading hands. The stock had previously closed at $22.18.

Analysts Set New Price Targets

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

Alamos Gold Stock 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 market capitalization of $9.58 billion, a PE ratio of 37.99, a P/E/G ratio of 0.66 and a beta of 1.16. The firm has a fifty day moving average price of $19.56 and a two-hundred day moving average price of $19.32.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.025 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Alamos Gold’s payout ratio is 16.67%.

Institutional Trading of Alamos Gold

A number of large investors have recently made changes to their positions in AGI. Creative Planning lifted its holdings in Alamos Gold by 122.2% during the 3rd quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock valued at $548,000 after buying an additional 15,113 shares in the last quarter. Generate Investment Management Ltd purchased a new position in shares of Alamos Gold during the third quarter worth approximately $7,395,000. Veracity Capital LLC raised its stake in shares of Alamos Gold by 15.6% during the third quarter. Veracity Capital LLC now owns 21,875 shares of the basic materials company’s stock valued at $436,000 after acquiring an additional 2,949 shares in the last quarter. Pure Portfolios Holdings LLC purchased a new stake in shares of Alamos Gold in the third quarter valued at approximately $458,000. Finally, U S Global Investors Inc. grew its stake in Alamos Gold by 27.4% in the third quarter. U S Global Investors Inc. now owns 318,500 shares of the basic materials company’s stock worth $6,351,000 after purchasing an additional 68,500 shares in the last quarter. 64.33% of the stock is 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.