Shares of Alamos Gold Inc. (NYSE:AGI – Get Rating) (TSE:AGI) rose 5.9% during mid-day trading on Thursday . The company traded as high as $7.38 and last traded at $7.38. Approximately 60,785 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 3,810,968 shares. The stock had previously closed at $6.97.
AGI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday, May 13th. Canaccord Genuity Group raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, April 28th. StockNews.com initiated coverage on shares of Alamos Gold in a report on Thursday, March 31st. They issued a “hold” rating on the stock. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Friday, April 29th. Finally, CIBC cut their target price on Alamos Gold from C$14.50 to C$13.00 in a research note on Wednesday, January 19th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $11.36.
The business has a 50-day moving average price of $8.13 and a 200-day moving average price of $7.71. The firm has a market capitalization of $2.94 billion, a PE ratio of -23.22, a price-to-earnings-growth ratio of 2.17 and a beta of 1.06.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a $0.10 annualized dividend and a yield of 1.33%. Alamos Gold’s payout ratio is -31.25%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Alamos Gold by 2.1% in the 1st quarter. FMR LLC now owns 5,226,012 shares of the basic materials company’s stock valued at $26,515,000 after buying an additional 106,099 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Alamos Gold by 16.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 950,234 shares of the basic materials company’s stock worth $4,827,000 after purchasing an additional 134,396 shares during the period. Morgan Stanley increased its stake in Alamos Gold by 111.6% during the second quarter. Morgan Stanley now owns 1,969,441 shares of the basic materials company’s stock worth $15,064,000 after purchasing an additional 1,038,531 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Alamos Gold during the third quarter worth about $270,000. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Alamos Gold by 8.2% in the third quarter. Advisor Group Holdings Inc. now owns 28,159 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 2,130 shares during the period. Hedge funds and other institutional investors own 62.33% of the company’s stock.
About Alamos Gold (NYSE:AGI)
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals in Canada, Mexico, the United States, and Turkey. It primary explores for gold and silver. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 5,587 hectares located in Matachewan in the Northern Ontario, Canada.
- Get a free copy of the StockNews.com research report on Alamos Gold (AGI)
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