Alamos Gold (NYSE:AGI) Hits New 12-Month High – Time to Buy?

Shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.32 and last traded at $27.05, with a volume of 2246967 shares trading hands. The stock had previously closed at $26.51.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AGI. National Bank Financial upgraded Alamos Gold to a “strong-buy” rating in a report on Friday, March 21st. StockNews.com downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Finally, Royal Bank of Canada increased their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $26.06.

Alamos Gold Trading Up 1.5 %

The firm has a market cap of $11.31 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The company has a 50-day simple moving average of $23.54 and a 200 day simple moving average of $20.88. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating 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 return on equity of 10.05% and a net margin of 21.11%. As a group, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.37%. Alamos Gold’s dividend payout ratio (DPR) is presently 14.49%.

Hedge Funds Weigh In On Alamos Gold

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Alamos Gold by 51.8% in 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 purchasing an additional 856 shares during the period. R Squared Ltd purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $61,000. Cutler Capital Management LLC acquired a new stake in Alamos Gold during the fourth quarter worth about $108,000. Finally, Daiwa Securities Group Inc. purchased a new position in Alamos Gold during the fourth quarter worth about $136,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

About Alamos Gold

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.