Maverick Capital Ltd. increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 84.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 27,126 shares of the basic materials company's stock after purchasing an additional 12,428 shares during the period. Maverick Capital Ltd.'s holdings in Alamos Gold were worth $725,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of AGI. Hsbc Holdings PLC grew its holdings in Alamos Gold by 99.1% during the fourth quarter. Hsbc Holdings PLC now owns 20,698 shares of the basic materials company's stock worth $380,000 after purchasing an additional 10,300 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Alamos Gold by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 187,920 shares of the basic materials company's stock worth $3,465,000 after acquiring an additional 1,063 shares during the period. Bank of America Corp DE boosted its holdings in shares of Alamos Gold by 45.1% during the fourth quarter. Bank of America Corp DE now owns 1,391,497 shares of the basic materials company's stock worth $25,659,000 after acquiring an additional 432,641 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Alamos Gold by 0.3% during the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock worth $3,349,000 after acquiring an additional 614 shares during the period. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of Alamos Gold during the fourth quarter worth approximately $674,000. Institutional investors own 64.33% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for the company. Finally, Wall Street Zen downgraded shares of Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $30.38.
View Our Latest Research Report on AGI
Alamos Gold Price Performance
Shares of NYSE AGI traded up $0.66 during midday trading on Friday, reaching $32.21. The company's stock had a trading volume of 2,933,621 shares, compared to its average volume of 3,107,608. 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 Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $32.50. The business's 50 day moving average price is $27.05 and its two-hundred day moving average price is $26.40. The company has a market cap of $13.54 billion, a P/E ratio of 38.81, a P/E/G ratio of 0.69 and a beta of 0.55.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same period in the previous year, the business earned $0.24 earnings per share. The company's revenue was up 31.7% on a year-over-year basis. On average, 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. Shareholders of record on Thursday, September 11th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's payout ratio is currently 12.05%.
Alamos Gold Profile
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Free Report)
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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