Jefferies Financial Group Inc. Makes New $8.02 Million Investment in Alamos Gold Inc. (NYSE:AGI)

Key Points

• Jefferies Financial Group Inc. acquired 300,000 shares of Alamos Gold Inc., representing a stake valued at approximately $8 million, indicating growing institutional interest in the company.
• Alamos Gold's stock has seen analysts upgrade its rating, with consensus ratings now reflecting a "Buy" designation and an average price target of $30.38.
• The company reported record earnings of $0.34 per share for the last quarter, exceeding expectations, and showed a significant 31.7% year-over-year revenue growth to $438.20 million.

Jefferies Financial Group Inc. acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 300,000 shares of the basic materials company's stock, valued at approximately $8,022,000. Jefferies Financial Group Inc. owned approximately 0.07% of Alamos Gold as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Alamos Gold in the 1st quarter worth approximately $41,000. SBI Securities Co. Ltd. boosted its stake in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the period. Banque Cantonale Vaudoise bought a new position in Alamos Gold in the 1st quarter worth approximately $68,000. Cutler Capital Management LLC bought a new position in Alamos Gold in the 4th quarter worth approximately $108,000. Finally, Coppell Advisory Solutions LLC boosted its stake in Alamos Gold by 14.4% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after purchasing an additional 1,260 shares during the period. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Trading Up 2.1%

NYSE:AGI traded up $0.52 during midday trading on Friday, hitting $24.82. 4,965,624 shares of the company traded hands, compared to its average volume of 3,729,205. The firm's fifty day moving average is $26.33 and its 200-day moving average is $25.27. Alamos Gold Inc. has a 12-month low of $15.74 and a 12-month high of $31.00. The firm has a market capitalization of $10.43 billion, a P/E ratio of 29.90, a P/E/G ratio of 0.55 and a beta of 0.51. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

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

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid 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 (DPR) is presently 12.05%.

Analysts Set New Price Targets

Several research analysts have weighed in on AGI shares. Wall Street Zen upgraded Alamos Gold from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus initiated coverage on Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating on the stock. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America decreased their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.