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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw unusually large options trading activity on Wednesday. Traders acquired 13,078 call options on the company. This is an increase of approximately 285% compared to the average volume of 3,394 call options.

Institutional Trading of Alamos Gold

Several institutional investors and hedge funds have recently bought and sold shares of AGI. Blue Trust Inc. raised its stake in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% during the fourth 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. R Squared Ltd bought a new position in shares of Alamos Gold during the fourth quarter valued at approximately $61,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold during the fourth quarter valued at approximately $108,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter valued at approximately $136,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. National Bank Financial raised shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $26.06.

Alamos Gold Price Performance

AGI opened at $24.57 on Thursday. The company has a fifty day simple moving average of $21.54 and a 200 day simple moving average of $20.14. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold has a twelve month low of $13.06 and a twelve month high of $24.66. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released 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 business had revenue of $375.80 million during the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Equities research analysts expect that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company 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 dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, March 13th. Alamos Gold’s payout ratio is currently 14.49%.

Alamos Gold Company Profile

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.