Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC significantly increased its stake in Alamos Gold Inc. by 66.7%, holding 38,287 shares valued at $1,024,000, according to its recent SEC filing.
• Alamos Gold reported earnings per share (EPS) of $0.34 for the quarter, surpassing analyst expectations of $0.33, with revenues of $438.20 million, up 31.7% year-over-year.
• The company has a dividend yield of 0.4%, with a recent quarterly dividend of $0.025 per share and a dividend payout ratio of 12.05%.

Natixis Advisors LLC increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 66.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,287 shares of the basic materials company's stock after purchasing an additional 15,321 shares during the quarter. Natixis Advisors LLC's holdings in Alamos Gold were worth $1,024,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AGI. Geode Capital Management LLC grew its position in Alamos Gold by 36.3% in the fourth quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company's stock valued at $7,532,000 after acquiring an additional 108,822 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Alamos Gold by 36.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company's stock valued at $1,601,000 after acquiring an additional 23,187 shares in the last quarter. Russell Investments Group Ltd. grew its position in Alamos Gold by 94.4% in the fourth quarter. Russell Investments Group Ltd. now owns 141,090 shares of the basic materials company's stock valued at $2,602,000 after acquiring an additional 68,519 shares in the last quarter. FMR LLC grew its position in Alamos Gold by 1.9% in the fourth quarter. FMR LLC now owns 6,497,058 shares of the basic materials company's stock valued at $119,864,000 after acquiring an additional 122,515 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Alamos Gold by 9.7% in the fourth quarter. Cerity Partners LLC now owns 25,429 shares of the basic materials company's stock valued at $487,000 after acquiring an additional 2,256 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Stock Performance

Shares of AGI opened at $26.19 on Friday. The business's fifty day moving average price is $26.36 and its 200 day moving average price is $25.49. Alamos Gold Inc. has a 12-month low of $17.15 and a 12-month high of $31.00. The stock has a market capitalization of $11.01 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 0.57 and a beta of 0.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm 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 last year, the business posted $0.24 earnings per share. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 12.05%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Stifel Nicolaus began coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, CIBC reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.

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