55,580 Shares in Alamos Gold Inc. $AGI Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC has acquired 55,580 shares of Alamos Gold Inc. ($AGI) valued at approximately $1.49 million, as disclosed in their recent SEC filing.
• Alamos Gold recently reported earnings of $0.34 per share, exceeding analysts' expectations, with revenue up by 31.7% compared to the same quarter last year.
• Analysts have mixed ratings on Alamos Gold, with two having a "Strong Buy" rating and the average target price set at $30.38, despite a recent downgrade from Wall Street Zen.

Jump Financial LLC bought a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 55,580 shares of the basic materials company's stock, valued at approximately $1,486,000.

Several other institutional investors have also added to or reduced their stakes in the stock. SVB Wealth LLC bought a new stake in Alamos Gold in the first quarter valued at approximately $67,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Alamos Gold by 29.2% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 387,022 shares of the basic materials company's stock valued at $10,343,000 after acquiring an additional 87,438 shares during the last quarter. Groupe la Francaise boosted its holdings in Alamos Gold by 1.9% in the first quarter. Groupe la Francaise now owns 377,000 shares of the basic materials company's stock valued at $10,011,000 after acquiring an additional 7,000 shares during the last quarter. Compound Planning Inc. bought a new stake in Alamos Gold in the first quarter valued at approximately $318,000. Finally, CW Advisors LLC bought a new stake in Alamos Gold in the first quarter valued at approximately $539,000. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of research reports. National Bankshares reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Nicolaus began coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Price Performance

Shares of NYSE:AGI traded up $0.47 on Wednesday, hitting $32.46. The company's stock had a trading volume of 1,269,808 shares, compared to its average volume of 3,441,021. The company has a 50-day simple moving average of $26.69 and a 200 day simple moving average of $26.23. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $32.47. The company has a market capitalization of $13.65 billion, a PE ratio of 39.06, a PEG ratio of 0.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

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 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 for the quarter, compared to analysts' expectations of $400.61 million. During the same quarter last year, the firm posted $0.24 EPS. The company's revenue was up 31.7% compared to the same quarter last year. Sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

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

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.