Alamos Gold (NYSE:AGI) Shares Gap Down – What’s Next?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $18.87, but opened at $18.13. Alamos Gold shares last traded at $18.26, with a volume of 42,797 shares changing hands.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Scotiabank lifted their price objective on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.06.

Alamos Gold Trading Up 0.4 %

The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.72 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19. The business has a fifty day moving average price of $19.75 and a 200 day moving average price of $18.17.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. The firm had revenue of $360.90 million for the quarter. On average, analysts expect that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 annualized dividend and a yield of 0.54%. Alamos Gold’s payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AGI. Baldwin Brothers LLC MA bought a new position in Alamos Gold during the second quarter worth about $47,000. Hara Capital LLC bought a new position in shares of Alamos Gold in the third quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new stake in shares of Alamos Gold during the 2nd quarter worth about $48,000. Employees Retirement System of Texas bought a new stake in shares of Alamos Gold during the 2nd quarter worth about $88,000. Finally, Eastern Bank bought a new position in Alamos Gold in the 3rd quarter valued at about $111,000. 64.33% of the stock is owned by institutional investors and hedge funds.

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.