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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the recipient of some unusual options trading activity on Monday. Stock investors bought 18,170 call options on the stock. This is an increase of approximately 497% compared to the average daily volume of 3,042 call options.

Analysts Set New Price Targets

A number of equities analysts have recently 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 report on Tuesday, December 3rd. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $25.06.

Alamos Gold Stock Performance

Shares of Alamos Gold stock opened at $21.52 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 0.97. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 0.62 and a beta of 1.16. The stock’s 50-day moving average is $19.27 and its 200-day moving average is $19.18. Alamos Gold has a one year low of $11.24 and a one year 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 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $360.90 million during the quarter. Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. Equities analysts predict that Alamos Gold will post 0.81 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 16.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AGI. Marshall Wace LLP bought a new position in shares of Alamos Gold in the 2nd quarter valued at about $267,000. Cypress Wealth Services LLC acquired a new position in shares of Alamos Gold during the 3rd quarter worth approximately $437,000. Foundation Resource Management Inc. increased its position in shares of Alamos Gold by 3.0% during the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 1,190 shares during the last quarter. Creative Planning raised its stake in shares of Alamos Gold by 122.2% during the 3rd quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after purchasing an additional 15,113 shares in the last quarter. Finally, Generate Investment Management Ltd acquired a new stake in shares of Alamos Gold in the 3rd quarter valued at approximately $7,395,000. Institutional investors 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.