Calamos Wealth Management LLC Purchases Shares of 115,583 Alamos Gold Inc. $AGI

Key Points

• Calamos Wealth Management LLC acquired 115,583 shares of Alamos Gold Inc., valued at approximately $3,070,000, indicating significant institutional interest in the company.
• Several research analysts have upgraded Alamos Gold's stock rating, with three giving it a Strong Buy rating and an average price target of $35.33.
• Alamos Gold recently reported a 31.7% increase in quarterly revenue year-over-year, surpassing analyst expectations with earnings of $0.34 per share.

Calamos Wealth Management LLC purchased a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 115,583 shares of the basic materials company's stock, valued at approximately $3,070,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGI. Wealth Enhancement Advisory Services LLC bought a new stake in Alamos Gold in the first quarter valued at $320,000. Kingswood Wealth Advisors LLC bought a new stake in Alamos Gold in the first quarter valued at $222,000. Canoe Financial LP increased its stake in Alamos Gold by 4.0% in the first quarter. Canoe Financial LP now owns 229,412 shares of the basic materials company's stock valued at $6,131,000 after purchasing an additional 8,865 shares in the last quarter. Continuum Advisory LLC increased its stake in Alamos Gold by 808.9% in the first quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 7,329 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in Alamos Gold by 6.1% in the first quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 2,835 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AGI shares. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Zacks Research upgraded shares of Alamos Gold from a "hold" rating to a "strong-buy" rating in a report on Friday, October 3rd. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating for the company. Finally, Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $35.33.

Alamos Gold Stock Down 7.8%

Alamos Gold stock opened at $34.53 on Friday. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $37.54. The stock has a market cap of $14.52 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 0.70 and a beta of 0.50. The firm's 50-day simple moving average is $31.60 and its 200 day simple moving average is $28.29. 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 (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 company earned $0.24 earnings per share. The firm's revenue for the quarter was up 31.7% compared to the same quarter last year. Research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold's payout ratio is currently 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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