DekaBank Deutsche Girozentrale Grows Position in Alamos Gold Inc. (NYSE:AGI)

DekaBank Deutsche Girozentrale grew its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 69.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Alamos Gold in the 1st quarter worth approximately $41,000. Cutler Capital Management LLC bought a new position in shares of Alamos Gold in the fourth quarter worth $108,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold in the fourth quarter valued at $136,000. Coppell Advisory Solutions LLC grew its position in shares of Alamos Gold by 14.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 1,260 shares in the last quarter. Finally, NBT Bank N A NY bought a new stake in shares of Alamos Gold during the 1st quarter valued at $190,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Up 1.9%

Shares of AGI opened at $26.60 on Friday. Alamos Gold Inc. has a 1-year low of $15.74 and a 1-year high of $31.00. The company has a market capitalization of $11.18 billion, a P/E ratio of 42.90, a P/E/G ratio of 0.56 and a beta of 0.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 0.94. The firm's 50 day simple moving average is $26.34 and its 200 day simple moving average is $24.57.

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 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million during 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%. Alamos Gold's quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a $0.025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. Alamos Gold's dividend payout ratio is presently 16.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a research note on Wednesday. They set a "buy" rating for the company. Royal Bank Of Canada upped their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of "Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.