Alps Advisors Inc. bought a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 40,088 shares of the basic materials company's stock, valued at approximately $1,072,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. LBP AM SA acquired a new stake in Alamos Gold during the 1st quarter worth approximately $1,155,000. Linden Thomas Advisory Services LLC acquired a new stake in Alamos Gold in the first quarter valued at approximately $265,000. Trek Financial LLC grew its position in Alamos Gold by 4.2% in the first quarter. Trek Financial LLC now owns 261,964 shares of the basic materials company's stock valued at $7,005,000 after acquiring an additional 10,482 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Alamos Gold by 69.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company's stock valued at $2,845,000 after acquiring an additional 43,200 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in 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 in the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on AGI shares. Bank of America lowered their price objective on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank Of Canada increased their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Stifel Nicolaus began coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $30.38.
Check Out Our Latest Analysis on Alamos Gold
Alamos Gold Stock Performance
AGI traded down $0.57 during trading hours on Thursday, hitting $25.39. 3,696,943 shares of the stock were exchanged, compared to its average volume of 2,955,149. The stock has a 50-day simple moving average of $26.29 and a 200-day simple moving average of $24.74. Alamos Gold Inc. has a 12 month low of $15.74 and a 12 month high of $31.00. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The firm had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. During the same quarter last year, the business earned $0.13 earnings per share. The business's revenue for the quarter was up 20.0% compared to the same quarter last year. Analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share 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 paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.
Alamos Gold Company Profile
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Free Report)
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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