Alamos Gold Inc. (NYSE:AGI) Shares Bought by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its holdings in Alamos Gold Inc. by 16.2%, bringing its total shares to 70,117 valued at approximately $1.88 million.
• Institutional investors own about 64.33% of Alamos Gold shares, with Vanguard Group Inc. owning the largest stake at 16.21 million shares.
• Alamos Gold reported a quarterly earnings increase to $0.34 per share, exceeding analysts' expectations and reflecting a 31.7% year-over-year revenue growth.

Oak Ridge Investments LLC grew its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 16.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 70,117 shares of the basic materials company's stock after purchasing an additional 9,800 shares during the quarter. Oak Ridge Investments LLC's holdings in Alamos Gold were worth $1,875,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Alamos Gold by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company's stock worth $433,133,000 after acquiring an additional 214,933 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Alamos Gold by 296.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,375,892 shares of the basic materials company's stock worth $136,011,000 after acquiring an additional 5,516,186 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Alamos Gold by 2.0% during the 4th quarter. Mackenzie Financial Corp now owns 7,371,629 shares of the basic materials company's stock worth $135,855,000 after acquiring an additional 145,726 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Alamos Gold by 19.5% during the 1st 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 acquiring an additional 957,359 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Alamos Gold by 10.4% during the 1st quarter. TD Asset Management Inc now owns 2,556,335 shares of the basic materials company's stock worth $68,293,000 after acquiring an additional 240,654 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on AGI shares. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Wall Street Zen raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus started coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $30.38.

Alamos Gold Price Performance

AGI opened at $25.65 on Thursday. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 0.57 and a beta of 0.51. 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 stock has a fifty day moving average price of $26.29 and a 200 day moving average price of $25.57.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $438.20 million during 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 business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal 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 given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. 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.

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