Deutsche Bank AG Grows Stake in Alamos Gold Inc. $AGI

Key Points

• Deutsche Bank AG increased its stake in Alamos Gold Inc. by 16.3% during the first quarter, holding a total of 199,907 shares valued at approximately $5.35 million.
• Alamos Gold reported earnings of $0.34 per share for the latest quarter, exceeding analysts' estimates, with revenue rising 31.7% year-over-year.
• The stock currently holds an average rating of "Buy" from research analysts, with an average target price of $30.38.

Deutsche Bank AG grew its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 16.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,907 shares of the basic materials company's stock after purchasing an additional 27,964 shares during the quarter. Deutsche Bank AG's holdings in Alamos Gold were worth $5,346,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AGI. Geode Capital Management LLC boosted its stake in shares of Alamos Gold by 36.3% during the fourth quarter. Geode Capital Management LLC now owns 408,434 shares of the basic materials company's stock valued at $7,532,000 after purchasing an additional 108,822 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Alamos Gold by 36.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 86,836 shares of the basic materials company's stock valued at $1,601,000 after purchasing an additional 23,187 shares during the period. Cerity Partners LLC boosted its stake in shares of Alamos Gold by 9.7% during the fourth quarter. Cerity Partners LLC now owns 25,429 shares of the basic materials company's stock valued at $487,000 after purchasing an additional 2,256 shares during the period. Mariner LLC raised its holdings in shares of Alamos Gold by 121.0% during the fourth quarter. Mariner LLC now owns 27,910 shares of the basic materials company's stock valued at $514,000 after acquiring an additional 15,281 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Alamos Gold by 181.3% during the fourth quarter. XTX Topco Ltd now owns 29,148 shares of the basic materials company's stock valued at $537,000 after acquiring an additional 18,786 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Up 3.6%

AGI traded up $0.9660 during trading on Thursday, reaching $27.4760. The stock had a trading volume of 463,984 shares, compared to its average volume of 3,436,431. The stock's 50 day moving average is $26.19 and its two-hundred day moving average is $25.76. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 0.56 and a beta of 0.51. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $31.00.

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

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were issued 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 0.4%. Alamos Gold's dividend payout ratio is 12.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Nicolaus assumed coverage on Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating for the company. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Alamos Gold has an average 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.