Alamos Gold Inc. $AGI is Old West Investment Management LLC's 2nd Largest Position

Key Points

• Old West Investment Management LLC increased its ownership in Alamos Gold Inc. to 708,639 shares, making it the fund's second-largest position, comprising about 6.8% of its portfolio.
• Alamos Gold reported a quarterly EPS of $0.34, exceeding expectations, with revenues reaching $438.20 million, indicating a 31.7% year-over-year increase.
• The company declared a quarterly dividend of $0.025 per share, representing an annual yield of 0.4% and a payout ratio of 12.05%.

Old West Investment Management LLC boosted its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,639 shares of the basic materials company's stock after purchasing an additional 11,474 shares during the period. Alamos Gold makes up 6.8% of Old West Investment Management LLC's portfolio, making the stock its 2nd largest position. Old West Investment Management LLC owned 0.17% of Alamos Gold worth $18,949,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. bought a new position in Alamos Gold during the 1st quarter worth approximately $37,738,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Alamos Gold by 19.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock worth $156,780,000 after purchasing an additional 957,359 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Alamos Gold by 106.1% in the fourth quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock worth $23,764,000 after purchasing an additional 663,381 shares during the last quarter. Genus Capital Management Inc. increased its stake in shares of Alamos Gold by 203.7% in the first quarter. Genus Capital Management Inc. now owns 300,897 shares of the basic materials company's stock worth $8,039,000 after buying an additional 591,074 shares during the period. Finally, Man Group plc raised its holdings in Alamos Gold by 942.8% during the 4th quarter. Man Group plc now owns 559,511 shares of the basic materials company's stock valued at $10,317,000 after buying an additional 505,857 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Down 0.3%

AGI traded down $0.09 during midday trading on Thursday, reaching $29.63. The company's stock had a trading volume of 1,835,032 shares, compared to its average volume of 3,368,699. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $31.00. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.65 and a beta of 0.51. The stock's 50-day moving average is $26.41 and its 200-day moving average is $26.04.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $438.20 million for 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%. Alamos Gold's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, June 12th. Alamos Gold's payout ratio is presently 12.05%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AGI shares. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Stifel Nicolaus began coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target 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.