Credit Agricole S A Acquires Shares of 56,641 Alamos Gold Inc. $AGI

Key Points

• Credit Agricole S A acquired 56,641 shares of Alamos Gold Inc., valued at approximately $1,515,000, during the 1st quarter.
• Alamos Gold reported $0.34 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and indicating a 31.7% revenue growth compared to the previous year.
• The company has a consensus rating of "Buy" from analysts, with an average target price of $30.38.

Credit Agricole S A acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 56,641 shares of the basic materials company's stock, valued at approximately $1,515,000.

Other large investors also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in Alamos Gold during the 1st quarter worth approximately $41,000. SBI Securities Co. Ltd. grew its position in Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Alamos Gold in the 1st quarter valued at $68,000. NBT Bank N A NY purchased a new stake in shares of Alamos Gold in the 1st quarter valued at $190,000. Finally, Continuum Advisory LLC boosted its holdings in shares of Alamos Gold by 808.9% in the 1st 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 during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Up 2.8%

Shares of AGI traded up $0.83 during trading on Friday, reaching $30.48. 1,599,449 shares of the company traded hands, compared to its average volume of 3,428,750. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $31.00. The stock has a market cap of $12.81 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 0.65 and a beta of 0.51. The stock has a 50-day simple moving average of $26.41 and a 200-day simple moving average of $26.04. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AGI shares. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Alamos Gold currently has an average rating of "Buy" and an average target price of $30.38.

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.