Alamos Gold (NYSE:AGI) Reaches New 1-Year High – Still a Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.40 and last traded at $26.46, with a volume of 1144180 shares. The stock had previously closed at $25.67.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AGI. Royal Bank of Canada increased their price target 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 raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Stock Up 2.0 %

The firm has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $20.53. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 37.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. 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 quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $388.06 million. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

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

Institutional Trading of Alamos Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Old West Investment Management LLC grew its stake in Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after buying an additional 48,128 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Alamos Gold by 2.0% during the third quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Alamos Gold by 101.5% in the 3rd quarter. Cerity Partners LLC now owns 23,173 shares of the basic materials company’s stock valued at $462,000 after acquiring an additional 11,674 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Alamos Gold in the 3rd quarter valued at $1,486,000. Finally, The Manufacturers Life Insurance Company raised its position in Alamos Gold by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company’s stock valued at $41,205,000 after purchasing an additional 38,913 shares during the last quarter. 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.