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

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

Hedge Funds Weigh In On Alamos Gold

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Alamos Gold by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company’s stock worth $295,105,000 after acquiring an additional 279,280 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Alamos Gold by 17.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,440,153 shares of the basic materials company’s stock worth $173,991,000 after acquiring an additional 1,424,550 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Alamos Gold by 59.0% in the fourth quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company’s stock worth $142,936,000 after purchasing an additional 2,867,027 shares during the period. Renaissance Technologies LLC lifted its holdings in Alamos Gold by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 7,534,253 shares of the basic materials company’s stock worth $138,932,000 after purchasing an additional 318,360 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Alamos Gold by 296.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company’s stock worth $136,011,000 after purchasing an additional 5,516,186 shares during the period. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Stock Up 1.6 %

AGI stock opened at $24.91 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. Alamos Gold has a 1-year low of $13.06 and a 1-year high of $25.31. The firm has a fifty day moving average price of $21.65 and a two-hundred day moving average price of $20.18. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping the consensus estimate 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 net margin of 21.11% and a return on equity of 10.05%. Research analysts predict that Alamos Gold will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.025 per share. 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 currently 14.49%.

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.