DekaBank Deutsche Girozentrale Has $2.85 Million Stake in Alamos Gold Inc. (NYSE:AGI)

DekaBank Deutsche Girozentrale boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 69.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,000 shares of the basic materials company's stock after purchasing an additional 43,200 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Alamos Gold were worth $2,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in shares of Alamos Gold during the 1st quarter worth about $41,000. Cutler Capital Management LLC acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $108,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the fourth quarter worth approximately $136,000. Coppell Advisory Solutions LLC lifted its holdings in Alamos Gold by 14.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after purchasing an additional 1,260 shares during the last quarter. Finally, NBT Bank N A NY bought a new stake in Alamos Gold in the 1st quarter valued at $190,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Alamos Gold stock traded down $0.37 during trading hours on Wednesday, reaching $25.94. 3,831,423 shares of the stock were exchanged, compared to its average volume of 3,458,730. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a twelve month low of $15.74 and a twelve month high of $31.00. The company has a market cap of $10.91 billion, a P/E ratio of 41.84, a price-to-earnings-growth ratio of 0.56 and a beta of 0.54. The stock has a 50 day moving average of $26.34 and a two-hundred day moving average of $24.68.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The firm had revenue of $333.00 million for the quarter, compared to the consensus estimate of $324.98 million. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The business's revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Equities analysts expect 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. Shareholders of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio is presently 16.13%.

Analyst Ratings Changes

Several research analysts have weighed in on AGI shares. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research report on Friday, March 21st. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada lifted their price objective on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alamos Gold presently has a consensus 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.