Campbell & CO Investment Adviser LLC Invests $2.05 Million in Alamos Gold Inc. $AGI

Key Points

• Campbell & CO Investment Adviser LLC has made a new investment in Alamos Gold Inc., purchasing 76,808 shares valued at approximately $2,054,000 in the first quarter.
• Alamos Gold reported earnings of $0.34 per share for the latest quarter, exceeding analysts' expectations of $0.33, and showing a significant 31.7% increase in revenue compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.025 per share, resulting in an annualized dividend yield of 0.4% and a payout ratio of 12.05%.

Campbell & CO Investment Adviser LLC purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 76,808 shares of the basic materials company's stock, valued at approximately $2,054,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Alamos Gold in the 1st quarter worth approximately $41,000. SBI Securities Co. Ltd. boosted its holdings in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares during the period. SVB Wealth LLC purchased a new position in Alamos Gold in the 1st quarter worth approximately $67,000. Banque Cantonale Vaudoise purchased a new position in Alamos Gold in the 1st quarter worth approximately $68,000. Finally, NBT Bank N A NY purchased a new position in Alamos Gold in the 1st quarter worth approximately $190,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

AGI has been the subject of a number of analyst reports. Stifel Nicolaus began coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock traded up $0.82 on Friday, hitting $30.47. 2,637,794 shares of the stock traded hands, compared to its average volume of 3,431,872. 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 capitalization of $12.81 billion, a PE ratio of 36.71, a PEG ratio of 0.65 and a beta of 0.51. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $31.00. The company's fifty day moving average is $26.41 and its 200 day moving average is $26.04.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The business had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. During the same period in the prior year, the company posted $0.24 EPS. The business's revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.025 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is currently 12.05%.

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.