Alamos Gold (NYSE:AGI) Stock Price Down 2% – What’s Next?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) shares dropped 2% on Monday . The company traded as low as $25.69 and last traded at $25.58. Approximately 292,942 shares changed hands during trading, a decline of 87% from the average daily volume of 2,321,317 shares. The stock had previously closed at $26.11.

Analyst Ratings Changes

Several analysts recently commented on AGI shares. Royal Bank of Canada raised their target price on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.06.

Alamos Gold Trading Up 2.0 %

The stock has a market capitalization of $11.01 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The business has a 50 day simple moving average of $22.72 and a 200-day simple moving average of $20.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio is presently 14.49%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock worth $136,011,000 after acquiring an additional 5,516,186 shares in the last quarter. Norges Bank purchased a new position in Alamos Gold in the 4th quarter worth about $100,694,000. CIBC Asset Management Inc raised its holdings in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after buying an additional 2,867,027 shares during the period. FMR LLC lifted its stake in Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company’s stock valued at $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Finally, Addenda Capital Inc. acquired a new position in shares of Alamos Gold in the fourth quarter worth about $34,869,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

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.