20,743 Shares in Alamos Gold Inc. $AGI Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC acquired a new stake in Alamos Gold Inc., purchasing 20,743 shares valued at approximately $555,000.
• A variety of other institutional investors, including T. Rowe Price and Connor Clark & Lunn Investment Management, have also increased their holdings in Alamos Gold during the first quarter.
• Wall Street analysts maintain a consensus rating of "Buy" for Alamos Gold, with an average price target of $30.38 per share.

FORA Capital LLC acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,743 shares of the basic materials company's stock, valued at approximately $555,000.

Several other institutional investors have also recently made changes to their positions in AGI. T. Rowe Price Investment Management Inc. purchased a new position in shares of Alamos Gold during the 1st quarter valued at approximately $37,738,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Alamos Gold by 19.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock valued at $156,780,000 after purchasing an additional 957,359 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Alamos Gold during the 1st quarter valued at approximately $24,011,000. Two Sigma Investments LP increased its holdings in shares of Alamos Gold by 106.1% during the 4th quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after purchasing an additional 663,381 shares in the last quarter. Finally, Genus Capital Management Inc. increased its holdings in shares of Alamos Gold by 203.7% during the 1st quarter. Genus Capital Management Inc. now owns 300,897 shares of the basic materials company's stock valued at $8,039,000 after purchasing an additional 591,074 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AGI. Stifel Nicolaus began coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating for the company. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Price Performance

Shares of AGI traded up $1.32 during trading hours on Tuesday, hitting $31.77. 4,309,617 shares of the stock were exchanged, compared to its average volume of 3,442,202. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $32.00. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 0.67 and a beta of 0.55. The stock's 50-day moving average price is $26.56 and its two-hundred day moving average price is $26.19.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping 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 analysts' expectations of $400.61 million. During the same period in the previous year, the business earned $0.24 earnings per share. The firm's revenue for the quarter 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 year.

Alamos Gold Dividend Announcement

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

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.