Accordant Advisory Group Inc lifted its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 94.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,783 shares of the basic materials company's stock after acquiring an additional 35,886 shares during the quarter. Alamos Gold accounts for about 1.9% of Accordant Advisory Group Inc's investment portfolio, making the stock its 18th largest holding. Accordant Advisory Group Inc's holdings in Alamos Gold were worth $1,973,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock valued at $142,936,000 after purchasing an additional 2,867,027 shares during the period. Vanguard Group Inc. lifted its stake in shares of Alamos Gold by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 15,995,738 shares of the basic materials company's stock worth $295,105,000 after purchasing an additional 279,280 shares during the period. Entropy Technologies LP bought a new position in shares of Alamos Gold in the 4th quarter worth approximately $477,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold in the 4th quarter worth approximately $136,000. Finally, Deutsche Bank AG lifted its stake in shares of Alamos Gold by 5.3% in the 4th quarter. Deutsche Bank AG now owns 171,943 shares of the basic materials company's stock worth $3,171,000 after purchasing an additional 8,681 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.
Alamos Gold Stock Performance
NYSE AGI traded up $0.38 on Thursday, reaching $27.53. 3,085,814 shares of the stock were exchanged, compared to its average volume of 2,811,828. Alamos Gold Inc. has a one year low of $15.01 and a one year high of $31.00. The firm has a market capitalization of $11.57 billion, a PE ratio of 39.90, a PEG ratio of 0.40 and a beta of 0.55. The company's 50-day simple moving average is $26.82 and its two-hundred day simple moving average is $23.35. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The company had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. During the same period last year, the business earned $0.13 earnings per share. The company's quarterly revenue was up 20.0% compared to the same quarter last year. Analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is currently 16.13%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Royal Bank of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Finally, National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alamos Gold presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.38.
View Our Latest Report on Alamos Gold
Alamos Gold Company Profile
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Free Report)
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.
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