Alamos Gold Inc. $AGI Shares Purchased by Amundi

Key Points

• Amundi increased its holdings in Alamos Gold Inc. by 12.1% in the first quarter, owning 1,806,696 shares valued at approximately $48.55 million.
• Alamos Gold reported a quarterly earnings per share (EPS) of $0.34, surpassing analyst expectations, with revenue rising 31.7% year-over-year to $438.20 million.
• The company announced a quarterly dividend of $0.025 per share, reflecting an annualized yield of 0.3%, with a payout ratio of 12.05%.

Amundi boosted its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 12.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,806,696 shares of the basic materials company's stock after purchasing an additional 195,329 shares during the quarter. Amundi owned approximately 0.43% of Alamos Gold worth $48,546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AGI. Ameriprise Financial Inc. boosted its holdings in Alamos Gold by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock worth $3,465,000 after purchasing an additional 1,063 shares during the period. Bank of America Corp DE boosted its holdings in Alamos Gold by 45.1% in the fourth quarter. Bank of America Corp DE now owns 1,391,497 shares of the basic materials company's stock worth $25,659,000 after purchasing an additional 432,641 shares during the period. Baird Financial Group Inc. boosted its holdings in Alamos Gold by 0.3% in the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after purchasing an additional 614 shares during the period. Cetera Investment Advisers boosted its holdings in Alamos Gold by 4.9% in the fourth quarter. Cetera Investment Advisers now owns 23,853 shares of the basic materials company's stock worth $440,000 after purchasing an additional 1,125 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Alamos Gold by 44.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 80,000 shares of the basic materials company's stock valued at $1,475,000 after buying an additional 24,500 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AGI. Stifel Nicolaus began coverage on Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Finally, Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. 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 stock. According to MarketBeat, Alamos Gold has a consensus rating of "Buy" and an average price target of $30.38.

Alamos Gold Stock Performance

Shares of NYSE AGI traded down $0.17 during midday trading on Friday, reaching $32.74. 844,907 shares of the company traded hands, compared to its average volume of 3,437,431. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $33.27. The stock has a 50-day moving average price of $27.53 and a 200 day moving average price of $26.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The company has a market cap of $13.77 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 0.73 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. During the same period in the previous year, the business earned $0.24 earnings per share. The company's revenue was up 31.7% on a year-over-year basis. Sell-side analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's payout ratio is currently 12.05%.

Alamos Gold Company 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.