Erste Asset Management GmbH Has $1.49 Million Stake in Alamos Gold Inc. $AGI

Key Points

• Erste Asset Management GmbH increased its stake in Alamos Gold by 71.9%, owning 56,200 shares valued at approximately $1.49 million.
• Alamos Gold reported a net margin of 22.99% and revenue of $438.20 million for the last quarter, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.025 per share, equating to an annualized yield of 0.4% with a payout ratio of 12.05%.

Erste Asset Management GmbH raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 71.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,200 shares of the basic materials company's stock after purchasing an additional 23,500 shares during the period. Erste Asset Management GmbH's holdings in Alamos Gold were worth $1,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in Alamos Gold in the first quarter valued at $41,000. SBI Securities Co. Ltd. increased its stake in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 660 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Alamos Gold in the first quarter valued at $68,000. Coppell Advisory Solutions LLC increased its stake in 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 Alamos Gold in the first quarter valued at $190,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Stock Up 4.7%

AGI opened at $27.7610 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The company's 50-day moving average is $26.19 and its 200 day moving average is $25.80. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $31.00. The firm has a market capitalization of $11.67 billion, a P/E ratio of 33.45, a PEG ratio of 0.58 and a beta of 0.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $0.24 earnings per share. The firm's revenue was up 31.7% on a year-over-year basis. Research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is 12.05%.

Analysts Set New Price Targets

Several research firms have weighed in on AGI. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Nicolaus initiated coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating for the company. Wall Street Zen cut shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, CIBC reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. 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's stock. According to MarketBeat, Alamos Gold currently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Company 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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