Stock Traders Buy Large Volume of Alamos Gold Call Options (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the recipient of unusually large options trading on Monday. Stock investors purchased 18,170 call options on the stock. This is an increase of approximately 497% compared to the typical volume of 3,042 call options.

Institutional Trading of Alamos Gold

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 856 shares during the last quarter. Hara Capital LLC purchased a new position in Alamos Gold in the 3rd quarter worth approximately $47,000. R Squared Ltd purchased a new stake in Alamos Gold during the 4th quarter valued at $61,000. Finally, Eastern Bank purchased a new stake in Alamos Gold during the 3rd quarter valued at $111,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of 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 note on Tuesday, December 3rd. StockNews.com downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Trading Up 3.1 %

NYSE AGI traded up $0.65 on Monday, hitting $21.58. The company’s stock had a trading volume of 2,154,599 shares, compared to its average volume of 1,911,177. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. Alamos Gold has a 52-week low of $11.24 and a 52-week high of $21.84. The firm has a market cap of $9.07 billion, a P/E ratio of 35.94, a PEG ratio of 0.62 and a beta of 1.16. The company’s 50-day simple moving average is $19.21 and its 200 day simple moving average is $19.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million for the quarter. Research analysts predict that Alamos Gold will post 0.81 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.46%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

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.