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

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 13,078 call options on the company. This represents an increase of 285% compared to the typical daily volume of 3,394 call options.

Alamos Gold Stock Performance

NYSE:AGI opened at $24.57 on Thursday. The firm’s fifty day simple moving average is $21.54 and its 200-day simple moving average is $20.14. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.08. The stock has a market cap of $10.33 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. Alamos Gold has a fifty-two week low of $13.06 and a fifty-two week high of $24.66.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $375.80 million for 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%. Analysts expect that Alamos Gold will post 1.29 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, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Institutional Trading of Alamos Gold

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Alamos Gold by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock valued at $295,105,000 after purchasing an additional 279,280 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Alamos Gold by 17.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock valued at $173,991,000 after buying an additional 1,424,550 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Alamos Gold by 59.0% during the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock valued at $142,936,000 after buying an additional 2,867,027 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Alamos Gold by 4.4% during the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company’s stock valued at $138,932,000 after buying an additional 318,360 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Alamos Gold by 296.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock valued at $136,011,000 after buying an additional 5,516,186 shares during the period. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AGI shares. National Bank Financial upgraded 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 upped their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $26.06.

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.