CW Advisors LLC Buys New Shares in Alamos Gold Inc. $AGI

Key Points

• CW Advisors LLC acquired a new position in Alamos Gold Inc., purchasing 20,553 shares worth approximately $539,000 in the first quarter.
• Alamos Gold's recent earnings report showed a profit of $0.34 EPS, surpassing estimates and indicating a 31.7% increase in quarterly revenue year-over-year.
• The stock has an average rating of "Buy" among analysts, with a target price of $30.38, following several upgrades and downgrades from different firms.

CW Advisors LLC purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,553 shares of the basic materials company's stock, valued at approximately $539,000.

A number of other institutional investors also recently modified their holdings of AGI. Mariner LLC lifted its stake in shares of Alamos Gold by 121.0% during the 4th quarter. Mariner LLC now owns 27,910 shares of the basic materials company's stock valued at $514,000 after buying an additional 15,281 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Alamos Gold by 99.1% during the 4th quarter. Hsbc Holdings PLC now owns 20,698 shares of the basic materials company's stock worth $380,000 after acquiring an additional 10,300 shares during the period. Parvin Asset Management LLC purchased a new stake in Alamos Gold in the 4th quarter worth approximately $681,000. Manatuck Hill Partners LLC lifted its stake in Alamos Gold by 14.3% in the 4th quarter. Manatuck Hill Partners LLC now owns 120,000 shares of the basic materials company's stock worth $2,213,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Ardsley Advisory Partners LP lifted its stake in Alamos Gold by 31.3% in the 4th quarter. Ardsley Advisory Partners LP now owns 525,000 shares of the basic materials company's stock worth $9,681,000 after purchasing an additional 125,000 shares in the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 5.0%

Shares of AGI stock traded up $1.54 on Tuesday, hitting $31.99. 6,537,051 shares of the company's stock traded hands, compared to its average volume of 2,865,550. 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 one year low of $17.42 and a one year high of $32.00. The company's fifty day simple moving average is $26.69 and its 200 day simple moving average is $26.23. The stock has a market capitalization of $13.45 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 0.67 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 EPS for the quarter, beating 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 company had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. During the same quarter last year, the firm earned $0.24 EPS. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

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

Analysts Set New Price Targets

AGI has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday, July 9th. They issued a "buy" rating on the stock. Stifel Canada upgraded shares of 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. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $30.38.

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.