Alamos Gold Target of Unusually High Options Trading (NYSE:AGI)

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) was the target of unusually large options trading activity on Wednesday. Stock investors bought 13,078 call options on the company. This represents an increase of 285% compared to the average daily volume of 3,394 call options.

Institutional Investors Weigh In On Alamos Gold

Several hedge funds have recently modified their holdings of AGI. PKO Investment Management Joint Stock Co acquired a new position in Alamos Gold during the fourth quarter valued at approximately $3,331,000. B. Riley Wealth Advisors Inc. lifted its position in Alamos Gold by 45.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 185,652 shares of the basic materials company’s stock valued at $3,423,000 after buying an additional 58,402 shares in the last quarter. Mackenzie Financial Corp lifted its position in Alamos Gold by 2.0% during the fourth quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company’s stock valued at $135,855,000 after buying an additional 145,726 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in Alamos Gold during the fourth quarter valued at approximately $711,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Alamos Gold during the fourth quarter valued at approximately $4,260,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

AGI opened at $24.91 on Friday. The company’s 50 day simple moving average is $21.65 and its 200 day simple moving average is $20.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. Alamos Gold has a 1 year low of $13.06 and a 1 year high of $25.31. The stock has a market capitalization of $10.47 billion, a PE ratio of 36.10, a P/E/G ratio of 0.40 and a beta of 1.15.

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

Alamos Gold Announces Dividend

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 annualized dividend and a dividend yield of 0.40%. Alamos Gold’s dividend payout ratio is presently 14.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AGI. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alamos Gold has a consensus 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.