Alamos Gold (NYSE:AGI) Reaches New 1-Year High – Still a Buy?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.40 and last traded at $26.46, with a volume of 1144180 shares trading hands. The stock had previously closed at $25.67.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AGI shares. Royal Bank of Canada upped their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $26.06.

Alamos Gold Price Performance

The firm has a market capitalization of $11.22 billion, a PE ratio of 38.67, a PEG ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a 50-day simple moving average of $22.85 and a 200-day simple moving average of $20.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. Alamos Gold’s payout ratio is currently 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 AGI. Old West Investment Management LLC increased its stake in shares of Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after purchasing an additional 48,128 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Alamos Gold by 59.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after buying an additional 2,867,027 shares during the period. Canoe Financial LP bought a new stake in Alamos Gold during the 4th quarter valued at approximately $4,066,000. National Bank of Canada FI raised its stake in Alamos Gold by 18.4% during the 3rd quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock valued at $30,492,000 after purchasing an additional 237,278 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Alamos Gold by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 299,612 shares of the basic materials company’s stock worth $6,224,000 after purchasing an additional 29,933 shares in the last quarter. 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.