Alamos Gold Inc. $AGI Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Alamos Gold Inc. by 13.7%, owning approximately $5.74 million worth of shares after purchasing an additional 25,924 shares in Q1.
• Alamos Gold reported $0.34 EPS for its latest quarter, exceeding expectations, with a revenue of $438.2 million, up 31.7% year-over-year.
• The upcoming quarterly dividend of $0.025 per share will be paid on September 25th, translating to an annualized yield of 0.3% and reflecting a payout ratio of 12.05%.

Federation des caisses Desjardins du Quebec lifted its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 13.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,647 shares of the basic materials company's stock after buying an additional 25,924 shares during the quarter. Federation des caisses Desjardins du Quebec owned approximately 0.05% of Alamos Gold worth $5,742,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AGI. Murphy Pohlad Asset Management LLC lifted its holdings in shares of Alamos Gold by 0.3% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock valued at $4,269,000 after purchasing an additional 500 shares during the last quarter. Baird Financial Group Inc. grew its stake in Alamos Gold by 0.3% during the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after buying an additional 614 shares during the period. Cheviot Value Management LLC raised its holdings in Alamos Gold by 1.2% in the first quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock valued at $1,346,000 after acquiring an additional 635 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Alamos Gold by 67.0% during 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 during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Alamos Gold by 9.3% during the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Alamos Gold Price Performance

Shares of AGI traded up $0.63 during trading hours on Monday, hitting $32.82. 3,585,360 shares of the company were exchanged, compared to its average volume of 3,459,682. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 0.70 and a beta of 0.55. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $33.10. The firm's fifty day moving average is $27.05 and its 200 day moving average is $26.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data 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 return on equity of 10.67% and a net margin of 22.99%.The firm had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company's quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a $0.025 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold's payout ratio is presently 12.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AGI shares. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Stifel Nicolaus assumed coverage on Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Two investment 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 stock. According to MarketBeat, the stock 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.