Alamos Gold Target of Unusually Large Options Trading (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw some unusual options trading activity on Monday. Investors bought 9,465 call options on the stock. This represents an increase of 121% compared to the typical daily volume of 4,276 call options.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AGI. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Sunday. Royal Bank of Canada lifted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday. Finally, National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price of $26.81.

Alamos Gold Stock Performance

Shares of NYSE:AGI traded up $0.41 on Monday, hitting $24.93. The company’s stock had a trading volume of 1,766,344 shares, compared to its average volume of 2,484,138. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The stock’s 50-day moving average is $23.76 and its two-hundred day moving average is $20.96. Alamos Gold has a 12 month low of $14.31 and a 12 month high of $27.32. 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 issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. On average, equities research analysts forecast that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Institutional Trading of Alamos Gold

A number of hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its stake in shares of Alamos Gold by 0.3% during the 4th quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock worth $3,349,000 after acquiring an additional 614 shares in the last quarter. Veracity Capital LLC boosted its position in shares of Alamos Gold by 3.2% during the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after acquiring an additional 694 shares in the last quarter. Captrust Financial Advisors boosted its stake in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after buying an additional 728 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Alamos Gold by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock worth $1,342,000 after buying an additional 854 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $46,000 after purchasing an additional 856 shares during 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.