Maverick Capital Ltd. Acquires 12,428 Shares of Alamos Gold Inc. $AGI

Key Points

• Maverick Capital Ltd. has increased its holdings in Alamos Gold Inc. by 84.6% to a position worth $725,000, owning 27,126 shares after acquiring an additional 12,428 shares in the first quarter.
• Alamos Gold reported $0.34 earnings per share for its latest quarter, exceeding analysts' consensus estimate of $0.33, with revenue growth of 31.7% year-over-year.
• The company has declared a quarterly dividend of $0.025 per share, reflecting an annualized payout of $0.10, resulting in a dividend yield of 0.3%.

Maverick Capital Ltd. grew its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 84.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,126 shares of the basic materials company's stock after purchasing an additional 12,428 shares during the quarter. Maverick Capital Ltd.'s holdings in Alamos Gold were worth $725,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Alamos Gold in the first quarter valued at about $41,000. SBI Securities Co. Ltd. raised its position in shares of 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 purchasing an additional 660 shares during the period. SVB Wealth LLC bought a new position in shares of Alamos Gold in the first quarter valued at about $67,000. Banque Cantonale Vaudoise bought a new position in shares of Alamos Gold in the first quarter valued at about $68,000. Finally, NBT Bank N A NY bought a new position in shares of Alamos Gold in the first quarter valued at about $190,000. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Up 2.1%

Shares of Alamos Gold stock traded up $0.66 during midday trading on Friday, reaching $32.21. The company had a trading volume of 2,933,621 shares, compared to its average volume of 3,030,002. The stock has a fifty day moving average price of $27.05 and a 200 day moving average price of $26.45. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The firm has a market cap of $13.54 billion, a PE ratio of 38.81, 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 $32.50.

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

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders 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 yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's dividend payout ratio (DPR) is presently 12.05%.

Analyst Ratings Changes

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

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.