Lbp Am Sa Buys 15,819 Shares of Alamos Gold Inc. $AGI

Key Points

• Lbp Am Sa increased its stake in Alamos Gold Inc. by 36.6% during the second quarter, acquiring an additional 15,819 shares for a total of 58,996 shares valued at approximately $1,567,000.
• Alamos Gold received multiple analyst upgrades, with ratings including a "strong-buy" from Stifel Canada and a majority consensus rating of "buy" from several analysts, indicating positive outlook on the stock.
• The company reported a 31.7% year-over-year increase in revenue, achieving $438.20 million during the last quarter, while exceeding earnings expectations with an EPS of $0.34.

Lbp Am Sa raised its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 36.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,996 shares of the basic materials company's stock after buying an additional 15,819 shares during the quarter. Lbp Am Sa's holdings in Alamos Gold were worth $1,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Klein Pavlis & Peasley Financial Inc. purchased a new position in Alamos Gold during the second quarter valued at $2,922,000. Addenda Capital Inc. lifted its position in Alamos Gold by 12.3% during the second quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company's stock valued at $51,657,000 after buying an additional 212,918 shares during the period. SeaBridge Investment Advisors LLC lifted its position in Alamos Gold by 20.9% during the second quarter. SeaBridge Investment Advisors LLC now owns 13,300 shares of the basic materials company's stock valued at $353,000 after buying an additional 2,300 shares during the period. Plancorp LLC lifted its position in Alamos Gold by 30.3% during the second quarter. Plancorp LLC now owns 80,500 shares of the basic materials company's stock valued at $2,138,000 after buying an additional 18,732 shares during the period. Finally, Cigna Investments Inc. New purchased a new position in Alamos Gold during the second quarter valued at $201,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Wall Street Zen raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Finally, Stifel Nicolaus assumed coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $30.38.

Alamos Gold Price Performance

NYSE AGI opened at $34.36 on Friday. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $35.61. The stock has a 50-day moving average of $29.66 and a 200 day moving average of $27.65. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 0.72 and a beta of 0.50. 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 (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data 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. The company had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.Alamos Gold's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

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

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