Baird Financial Group Inc. Grows Stock Holdings in Alamos Gold Inc. $AGI

Key Points

• Baird Financial Group Inc. increased its holdings in Alamos Gold Inc. by 16.8% in Q1, now owning about 0.05% of the company valued at $5.67 million.
• Alamos Gold reported $0.34 earnings per share for the last quarter, exceeding analysts' estimates, and its revenue rose by 31.7% year-over-year.
• The company declared a quarterly dividend of $0.025 per share, reflecting an annualized dividend of $0.10 and a dividend yield of 0.3%.

Baird Financial Group Inc. raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 16.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 212,177 shares of the basic materials company's stock after purchasing an additional 30,566 shares during the quarter. Baird Financial Group Inc. owned 0.05% of Alamos Gold worth $5,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Alamos Gold during the 1st quarter valued at $320,000. Brown Advisory Inc. increased its position in shares of Alamos Gold by 9.3% in the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock valued at $315,000 after acquiring an additional 1,000 shares during the period. LBP AM SA bought a new position in shares of Alamos Gold during the first quarter valued at about $1,155,000. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Alamos Gold by 2.3% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,223,257 shares of the basic materials company's stock worth $31,915,000 after purchasing an additional 27,032 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Alamos Gold by 5.3% during the fourth 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. Institutional investors own 64.33% of the company's stock.

Wall Street Analyst Weigh In

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

Alamos Gold Stock Up 2.0%

Shares of AGI traded up $0.65 on Wednesday, reaching $33.17. The stock had a trading volume of 2,969,176 shares, compared to its average volume of 3,115,233. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 0.71 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The company has a 50-day simple moving average of $27.41 and a 200-day simple moving average of $26.61. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $33.27.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 10.67% and a net margin of 22.99%.The firm's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is presently 12.05%.

Alamos Gold 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.