Alamos Gold Inc. $AGI Stock Holdings Lifted by Calamos Wealth Management LLC

Key Points

• Calamos Wealth Management increased its Alamos Gold stake by 64.3% in the third quarter, adding 49,046 shares to bring its holding to 125,305 shares, valued at about $4.1 million.
• Institutional investors and hedge funds own 64.33% of Alamos Gold; several other major investors also expanded or initiated positions.
• Alamos Gold’s latest quarterly results slightly missed expectations, reporting $0.44 per share and $510.4 million in revenue. Analysts maintain a “Moderate Buy” consensus rating, with a $47.50 average price target.

Calamos Wealth Management LLC lifted its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 64.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,305 shares of the basic materials company's stock after buying an additional 49,046 shares during the quarter. Calamos Wealth Management LLC's holdings in Alamos Gold were worth $4,059,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in Alamos Gold by 41.6% during the first quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company's stock worth $183,963,000 after acquiring an additional 1,216,977 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Alamos Gold during the 2nd quarter worth approximately $21,043,000. Trek Financial LLC purchased a new position in shares of Alamos Gold during the 3rd quarter worth approximately $13,107,000. Bradley Foster & Sargent Inc. CT raised its position in shares of Alamos Gold by 52.2% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 1,026,135 shares of the basic materials company's stock worth $45,591,000 after purchasing an additional 351,713 shares during the last quarter. Finally, Encompass Capital Advisors LLC purchased a new stake in Alamos Gold in the 1st quarter valued at approximately $13,332,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Up 2.5%

Shares of NYSE AGI traded up $0.77 on Friday, hitting $31.85. The company had a trading volume of 3,737,417 shares, compared to its average volume of 3,211,918. Alamos Gold Inc. has a 12-month low of $26.92 and a 12-month high of $55.41. The business has a 50 day moving average of $33.03 and a two-hundred day moving average of $37.89. The company has a quick ratio of 1.62, a current ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13.33 billion, a P/E ratio of 12.69, a PEG ratio of 0.43 and a beta of 0.63.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, October 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $510.40 million for the quarter, compared to analysts' expectations of $551.03 million. Alamos Gold had a net margin of 46.66% and a return on equity of 18.95%. During the same quarter in the previous year, the business posted $0.37 earnings per share. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.09 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. Alamos Gold's dividend payout ratio (DPR) is presently 6.37%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Alamos Gold from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Zacks Research raised shares of Alamos Gold from a "strong sell" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets reissued an "outperform" rating on shares of Alamos Gold in a research report on Thursday, October 29th. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of gold mines. The company produces gold doré and concentrate from its mining operations and also evaluates opportunities to expand existing assets and develop new projects.

Alamos Gold's principal operations are located in Ontario, Canada, including the Young-Davidson underground mine and the Island Gold underground mine. The company also operates the Magino open-pit mine in Ontario, which became part of its portfolio through the acquisition of Argonaut Gold.

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