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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of some unusual options trading on Tuesday. Investors purchased 6,515 call options on the company. This is an increase of approximately 147% compared to the average volume of 2,638 call options.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC acquired a new position in Alamos Gold in the 4th quarter worth about $27,000. AJOVista LLC acquired a new position in Alamos Gold in the 4th quarter worth about $83,000. Fifth Third Bancorp acquired a new position in Alamos Gold in the 4th quarter worth about $96,000. Venturi Wealth Management LLC increased its stake in shares of Alamos Gold by 20.7% in the first quarter. Venturi Wealth Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $103,000 after buying an additional 1,200 shares during the period. Finally, St. Johns Investment Management Company LLC acquired a new stake in shares of Alamos Gold in the first quarter valued at about $115,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI opened at $15.47 on Wednesday. The business has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $14.04. The company has a market capitalization of $6.16 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. Alamos Gold has a 1 year low of $10.78 and a 1 year high of $17.29.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Thursday, April 25th. The basic materials company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $277.60 million during the quarter, compared to the consensus estimate of $271.15 million. Alamos Gold had a return on equity of 7.38% and a net margin of 19.41%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. Equities analysts anticipate that Alamos Gold will post 0.69 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.025 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.65%. Alamos Gold’s dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AGI. Royal Bank of Canada lifted their target price on Alamos Gold from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. StockNews.com raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Alamos Gold in a research report on Monday, April 8th. Jefferies Financial Group boosted their price target on Alamos Gold from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Bank of America raised Alamos Gold from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.75 to $27.25 in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus target price of $18.15.

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.