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 Wednesday. Stock investors purchased 12,042 put options on the company. This represents an increase of 171% compared to the average volume of 4,438 put options.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Sunday, April 6th. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. Finally, Bank of America reduced their target price on shares of Alamos Gold from $31.00 to $30.50 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and an average price target of $27.63.

Alamos Gold Trading Up 5.6 %

Shares of NYSE AGI opened at $28.02 on Friday. Alamos Gold has a fifty-two week low of $14.31 and a fifty-two week high of $28.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 0.40 and a beta of 1.02. The business’s 50 day moving average price is $24.35 and its 200-day moving average price is $21.16.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results 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 return on equity of 10.05% and a net margin of 21.11%. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. On average, sell-side analysts expect that Alamos Gold will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date was Thursday, March 13th. Alamos Gold’s dividend payout ratio is presently 14.49%.

Institutional Investors Weigh In On Alamos Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. increased its position in shares of Alamos Gold by 0.3% during the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock worth $3,349,000 after acquiring an additional 614 shares during the period. Veracity Capital LLC grew its stake in Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 694 shares in the last quarter. Captrust Financial Advisors increased its holdings in Alamos Gold by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 728 shares during the period. NewEdge Advisors LLC raised its position in Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock valued at $1,342,000 after purchasing an additional 854 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 buying an additional 856 shares during the period. Institutional investors own 64.33% of the company’s stock.

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.