Compound Planning Inc. Makes New Investment in Alamos Gold Inc. $AGI

Key Points

• Compound Planning Inc. has acquired a new stake in Alamos Gold Inc., purchasing 11,910 shares valued at approximately $318,000.
• Institutional investors now own 64.33% of Alamos Gold's stock, with significant recent investments from several firms including Continuum Advisory LLC, which increased its stake by 808.9%.
• The company reported a 31.7% increase in revenue year-over-year, topping analysts' expectations, and currently holds a consensus rating of "Buy" with a price target of $30.38.

Compound Planning Inc. purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,910 shares of the basic materials company's stock, valued at approximately $318,000.

Several other institutional investors have also recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in Alamos Gold during the first quarter valued at approximately $41,000. SBI Securities Co. Ltd. increased its stake in shares of 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 purchasing an additional 660 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Alamos Gold in the 1st quarter worth $68,000. NBT Bank N A NY bought a new position in Alamos Gold in the 1st quarter worth $190,000. Finally, Continuum Advisory LLC lifted its position in Alamos Gold by 808.9% during 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. Institutional investors own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AGI shares. Wall Street Zen cut Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Stifel Nicolaus assumed coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Two 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 company. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Up 1.6%

Shares of AGI stock opened at $29.77 on Thursday. The company's fifty day simple moving average is $26.35 and its two-hundred day simple moving average is $25.99. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $31.00. The stock has a market cap of $12.52 billion, a P/E ratio of 35.87, a PEG ratio of 0.64 and a beta of 0.51. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

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

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is 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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