Alamos Gold Sees Unusually Large Options Volume (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw unusually large options trading activity on Monday. Investors acquired 18,170 call options on the company. This is an increase of 497% compared to the average volume of 3,042 call options.

Analyst Upgrades and Downgrades

AGI has been the topic of several research reports. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of $25.06.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently bought and sold shares of AGI. Natixis Advisors LLC raised its position in Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 531 shares during the last quarter. Veracity Capital LLC raised its position in 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 purchasing an additional 694 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after acquiring an additional 728 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $21.38 on Tuesday. The stock has a fifty day moving average price of $19.21 and a 200-day moving average price of $19.15. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 0.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold has a fifty-two week low of $11.24 and a fifty-two week high of $21.84.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. As a group, equities analysts anticipate that Alamos Gold will post 0.81 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.47%. 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.