Traders Buy Large Volume of Call Options on Alamos Gold (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) saw unusually large options trading activity on Wednesday. Stock traders acquired 13,078 call options on the stock. This is an increase of approximately 285% compared to the average daily volume of 3,394 call options.

Hedge Funds Weigh In On Alamos Gold

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after buying an additional 856 shares in the last quarter. R Squared Ltd bought a new stake in Alamos Gold in the fourth quarter worth about $61,000. Cutler Capital Management LLC acquired a new stake in Alamos Gold in the 4th quarter valued at about $108,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI traded up $0.50 during midday trading on Wednesday, reaching $24.45. 1,343,089 shares of the company traded hands, compared to its average volume of 2,281,314. Alamos Gold has a twelve month low of $13.06 and a twelve month high of $24.59. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth 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 company has a fifty day moving average price of $21.41 and a 200 day moving average price of $20.11.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. The firm had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. On average, analysts expect that Alamos Gold will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.41%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AGI shares. Royal Bank of Canada boosted their price objective 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 Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average 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.