Alamos Gold Inc. (NYSE:AGI) is Goehring & Rozencwajg Associates LLC's 5th Largest Position

Goehring & Rozencwajg Associates LLC grew its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,223,257 shares of the basic materials company's stock after purchasing an additional 27,032 shares during the period. Alamos Gold makes up 5.9% of Goehring & Rozencwajg Associates LLC's holdings, making the stock its 5th largest position. Goehring & Rozencwajg Associates LLC owned approximately 0.29% of Alamos Gold worth $31,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in shares of Alamos Gold during the 1st quarter valued at about $41,000. Cutler Capital Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter valued at about $108,000. NBT Bank N A NY purchased a new position in shares of Alamos Gold during the 1st quarter valued at about $190,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the 4th quarter valued at about $136,000. Finally, Continuum Advisory LLC raised its stake in shares of Alamos Gold by 808.9% during the 1st quarter. Continuum Advisory LLC now owns 8,235 shares of the basic materials company's stock valued at $220,000 after buying an additional 7,329 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on AGI shares. Royal Bank Of Canada increased their target price on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. National Bank Financial raised Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Bank of America reduced their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.38.

Alamos Gold Stock Performance

AGI traded up $0.75 during trading on Monday, hitting $27.74. 3,385,563 shares of the stock were exchanged, compared to its average volume of 2,891,452. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 1-year low of $15.74 and a 1-year high of $31.00. The stock has a fifty day moving average price of $26.39 and a two-hundred day moving average price of $24.33. The firm has a market capitalization of $11.66 billion, a P/E ratio of 44.74, a PEG ratio of 0.53 and a beta of 0.54.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $333.00 million during the quarter, compared to analyst estimates of $324.98 million. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The business's revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. As a group, sell-side analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is 16.13%.

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.