Mn Services Vermogensbeheer B.V. Makes New Investment in Alamos Gold Inc. $AGI

Key Points

• Mn Services Vermogensbeheer B.V. invested approximately $2.03 million in Alamos Gold Inc., acquiring 76,500 shares during the 2nd quarter.
• Analysts have a generally positive outlook on Alamos Gold, with a consensus rating of "Buy" and an average price target of $30.38.
• Alamos Gold recently announced a quarterly dividend of $0.025 per share, reflecting a 0.3% dividend yield.

Mn Services Vermogensbeheer B.V. bought a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,500 shares of the basic materials company's stock, valued at approximately $2,031,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGI. Medici Capital LLC grew its stake in shares of Alamos Gold by 642.9% in the 2nd quarter. Medici Capital LLC now owns 208,000 shares of the basic materials company's stock worth $5,522,000 after buying an additional 180,000 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Alamos Gold during the 2nd quarter valued at $717,000. Harbor Investment Advisory LLC boosted its stake in Alamos Gold by 2.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 64,698 shares of the basic materials company's stock valued at $1,718,000 after purchasing an additional 1,471 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alamos Gold by 129.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company's stock valued at $27,111,000 after purchasing an additional 571,536 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Alamos Gold during the 1st quarter valued at $200,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Alamos Gold Trading Up 2.5%

AGI traded up $0.84 on Tuesday, hitting $34.14. The company had a trading volume of 2,166,343 shares, compared to its average volume of 3,546,313. The company has a market cap of $14.36 billion, a PE ratio of 41.11, a PEG ratio of 0.66 and a beta of 0.55. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $34.15. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The business's fifty day simple moving average is $28.32 and its 200 day simple moving average is $27.16.

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 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 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 revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.