Navellier & Associates Inc. Purchases 91,097 Shares of Alamos Gold Inc. (NYSE:AGI)

Key Points

• Navellier & Associates Inc. increased its stake in Alamos Gold Inc. by 51.2%, purchasing an additional 91,097 shares to own a total of 269,145 shares, making it the 19th largest holding in their portfolio.
• Multiple institutional investors have shown interest in Alamos Gold, with firms like Private Advisor Group LLC and Jennison Associates LLC each acquiring new stakes in the company during the first quarter.
• Alamos Gold reported a net margin of 18.36% with earnings per share of $0.14 for the last quarter, missing expectations despite a 20% increase in revenue year-over-year.

Navellier & Associates Inc. grew its stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 51.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,145 shares of the basic materials company's stock after buying an additional 91,097 shares during the period. Alamos Gold accounts for approximately 1.0% of Navellier & Associates Inc.'s portfolio, making the stock its 19th largest holding. Navellier & Associates Inc. owned approximately 0.06% of Alamos Gold worth $6,917,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in Alamos Gold in the first quarter worth approximately $491,000. Jennison Associates LLC purchased a new stake in Alamos Gold in the first quarter worth approximately $8,438,000. SeaBridge Investment Advisors LLC boosted its stake in Alamos Gold by 10.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company's stock worth $294,000 after buying an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake 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 worth $44,000 after buying an additional 660 shares in the last quarter. Finally, Sigma Planning Corp purchased a new stake in Alamos Gold in the first quarter worth approximately $885,000. 64.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AGI has been the subject of a number of analyst reports. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. Scotiabank reissued an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. CIBC reissued an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Bank of America dropped their price objective on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

NYSE:AGI traded up $0.20 on Friday, hitting $25.92. The stock had a trading volume of 3,269,631 shares, compared to its average volume of 3,103,189. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 0.56 and a beta of 0.54. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The business's 50-day simple moving average is $26.39 and its two-hundred day simple moving average is $25.03. Alamos Gold Inc. has a 52-week low of $15.74 and a 52-week high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.05). The company had revenue of $333.00 million for the quarter, compared to analysts' expectations of $324.98 million. Alamos Gold had a net margin of 18.36% and a return on equity of 9.83%. The firm's quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.39%. The ex-dividend date was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is presently 16.13%.

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.