Alamos Gold (NYSE:AGI) Shares Down 2% – Should You Sell?

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) shares were down 2% during mid-day trading on Monday . The stock traded as low as $25.69 and last traded at $25.58. Approximately 292,942 shares changed hands during trading, a decline of 87% from the average daily volume of 2,321,317 shares. The stock had previously closed at $26.11.

Analysts Set New Price Targets

A number of analysts have recently commented on AGI shares. National Bank Financial raised 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 boosted their price objective on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Stock Down 0.8 %

The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. 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 business’s 50-day moving average is $22.46 and its two-hundred day moving average is $20.48.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million during 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%. Equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 14.49%.

Hedge Funds Weigh In On Alamos Gold

A number of institutional investors have recently bought and sold shares of AGI. Natixis Advisors LLC raised its position in shares of Alamos Gold by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock valued at $552,000 after buying an additional 531 shares during the period. Baird Financial Group Inc. raised its position in Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company’s stock valued at $3,349,000 after purchasing an additional 614 shares during the period. Veracity Capital LLC raised its position in Alamos Gold by 3.2% in the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock valued at $416,000 after purchasing an additional 694 shares during the period. Captrust Financial Advisors lifted its stake in shares of Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 728 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company’s stock worth $1,342,000 after purchasing an additional 854 shares during the period. 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.