Alamos Gold (NYSE:AGI) Sees Strong Trading Volume Following Analyst Upgrade

Alamos Gold Inc. (NYSE:AGIGet Rating) (TSE:AGI) saw unusually-strong trading volume on Friday after National Bank Financial raised their price target on the stock from C$15.00 to C$17.50. Approximately 204,396 shares were traded during mid-day trading, a decline of 94% from the previous session’s volume of 3,506,245 shares.The stock last traded at $11.22 and had previously closed at $10.98.

Other research analysts have also issued research reports about the company. Scotiabank upgraded Alamos Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $10.00 to $11.00 in a research report on Tuesday, November 22nd. StockNews.com started coverage on shares of Alamos Gold in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet raised shares of Alamos Gold from a “c+” rating to a “b-” rating in a research note on Friday, December 2nd. Finally, CIBC raised their price objective on shares of Alamos Gold from C$15.00 to C$17.50 in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.61.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently modified their holdings of AGI. Advisor Group Holdings Inc. raised its stake in shares of Alamos Gold by 5.1% during the first quarter. Advisor Group Holdings Inc. now owns 29,621 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 1,432 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alamos Gold by 56.4% during the first quarter. JPMorgan Chase & Co. now owns 535,028 shares of the basic materials company’s stock valued at $4,505,000 after acquiring an additional 192,939 shares in the last quarter. Raymond James & Associates raised its stake in shares of Alamos Gold by 24.1% during the first quarter. Raymond James & Associates now owns 300,000 shares of the basic materials company’s stock valued at $2,526,000 after acquiring an additional 58,298 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Alamos Gold during the first quarter valued at approximately $101,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Alamos Gold by 9.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,429 shares of the basic materials company’s stock valued at $517,000 after acquiring an additional 5,434 shares in the last quarter. Institutional investors own 50.22% of the company’s stock.

Alamos Gold Stock Up 0.2 %

The company has a market cap of $4.33 billion, a P/E ratio of 137.52, a P/E/G ratio of 4.16 and a beta of 1.03. The business’s 50 day moving average is $9.77 and its 200 day moving average is $8.28.

Alamos Gold (NYSE:AGIGet Rating) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 26th. The basic materials company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The company had revenue of $213.60 million during the quarter, compared to the consensus estimate of $210.80 million. Alamos Gold had a net margin of 3.28% and a return on equity of 4.13%. Alamos Gold’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast that Alamos Gold Inc. will post 0.26 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Tuesday, December 6th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Monday, December 5th. Alamos Gold’s dividend payout ratio is currently 125.02%.

Alamos Gold Company Profile

(Get Rating)

Alamos gold holding oorperatief u.a. operates as a subsidiary of Alamos Gold Inc

Recommended Stories

Receive News & Ratings for Alamos Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamos Gold and related companies with MarketBeat.com's FREE daily email newsletter.