Lbp Am Sa Purchases Shares of 43,177 Alamos Gold Inc. (NYSE:AGI)

LBP AM SA acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,177 shares of the basic materials company's stock, valued at approximately $1,155,000.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Alamos Gold in the first quarter valued at $41,000. Cutler Capital Management LLC purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $108,000. NBT Bank N A NY purchased a new stake in shares of Alamos Gold in the first quarter valued at about $190,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $136,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Alamos Gold by 808.9% in the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 7,329 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGI has been the topic of several analyst reports. Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Bank of America lowered their target price on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Alamos Gold currently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

AGI stock traded down $0.06 during trading on Monday, reaching $26.56. 2,866,943 shares of the company were exchanged, compared to its average volume of 2,930,336. The company has a market cap of $11.16 billion, a P/E ratio of 42.83, a PEG ratio of 0.56 and a beta of 0.54. Alamos Gold Inc. has a 52-week low of $15.74 and a 52-week high of $31.00. The stock's 50 day moving average price is $26.34 and its 200 day moving average price is $24.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 1.49.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm's quarterly revenue was up 20.0% on a year-over-year basis. As a group, analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

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.