Amundi Purchases 195,329 Shares of Alamos Gold Inc. $AGI

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 grew its position 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,806,696 shares of the basic materials company's stock after acquiring an additional 195,329 shares during the period. Amundi owned about 0.43% of Alamos Gold worth $48,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGI. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Alamos Gold during the 1st quarter worth about $37,738,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Alamos Gold by 19.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock valued at $156,780,000 after buying an additional 957,359 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Alamos Gold in the 1st quarter valued at approximately $24,011,000. Canada Pension Plan Investment Board raised its position in shares of Alamos Gold by 50.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,972,249 shares of the basic materials company's stock valued at $52,705,000 after buying an additional 665,485 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Alamos Gold by 106.1% in the 4th quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after buying an additional 663,381 shares in the last quarter. Institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Down 0.7%

Shares of NYSE:AGI traded down $0.23 during trading on Thursday, reaching $32.87. The stock had a trading volume of 1,724,555 shares, compared to its average volume of 3,446,692. The firm's fifty day moving average is $27.41 and its 200 day moving average is $26.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $33.27. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 0.71 and a beta of 0.55.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results 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. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. During the same quarter in the previous year, the company earned $0.24 EPS. Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given 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 presently 12.05%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGI. CIBC restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Stifel Nicolaus began coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Alamos Gold has an average rating of "Buy" and a consensus target price of $30.38.

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.