Klein Pavlis & Peasley Financial Inc. Invests $2.92 Million in Alamos Gold Inc. $AGI

Key Points

• Klein Pavlis & Peasley Financial Inc. invested approximately $2.92 million in Alamos Gold, acquiring 110,016 shares, which represents about 1.9% of its investment portfolio.
• Several hedge funds have also recently changed their positions in Alamos Gold, with institutional investors now owning 64.33% of the company's stock.
• Alamos Gold reported earnings of $0.34 per share for the last quarter, exceeding expectations, with a revenue of $438.20 million, a growth of 31.7% year-over-year.

Klein Pavlis & Peasley Financial Inc. bought a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,016 shares of the basic materials company's stock, valued at approximately $2,922,000. Alamos Gold accounts for about 1.9% of Klein Pavlis & Peasley Financial Inc.'s investment portfolio, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of Alamos Gold in the 1st quarter worth about $31,000. Sunbelt Securities Inc. acquired a new position in Alamos Gold in the first quarter worth about $41,000. SBI Securities Co. Ltd. increased its holdings in Alamos Gold by 67.0% in the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock valued at $44,000 after buying an additional 660 shares during the last quarter. SVB Wealth LLC acquired a new stake in Alamos Gold during the first quarter valued at approximately $67,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Alamos Gold during the first quarter valued at approximately $68,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of several research reports. BMO Capital Markets reissued an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Stifel Canada raised shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Nicolaus started coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating on the stock. Finally, CIBC reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $30.38.

Alamos Gold Trading Up 2.4%

Shares of AGI stock opened at $34.11 on Monday. The stock has a 50-day simple moving average of $28.96 and a 200 day simple moving average of $27.43. The stock has a market capitalization of $14.35 billion, a P/E ratio of 41.10, 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 $34.40. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

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

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a $0.025 dividend. The ex-dividend date of this dividend was 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 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.

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