Nkcfo LLC Invests $10.28 Million in Alamos Gold Inc. (NYSE:AGI)

Key Points

• Nkcfo LLC has acquired a new position in Alamos Gold Inc. by purchasing 384,300 shares valued at approximately $10.3 million, making it the company’s 6th largest holding.
• Alamos Gold reported $0.14 earnings per share for the last quarter, falling short of the consensus estimate of $0.19, despite a revenue increase of 20% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.025 per share, with a current annualized yield of 0.39% and a payout ratio of 16.13%.

Nkcfo LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 384,300 shares of the basic materials company's stock, valued at approximately $10,276,000. Alamos Gold comprises about 4.8% of Nkcfo LLC's investment portfolio, making the stock its 6th biggest position. Nkcfo LLC owned about 0.09% of Alamos Gold at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Murphy Pohlad Asset Management LLC increased its holdings in shares of Alamos Gold by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after acquiring an additional 500 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Alamos Gold by 0.3% during the 4th 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 last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after acquiring an additional 660 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Alamos Gold by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock worth $1,342,000 after acquiring an additional 854 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Alamos Gold by 9.3% during the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AGI. Stifel Nicolaus assumed coverage on Alamos Gold in a report on Wednesday, July 9th. They set a "buy" rating on the stock. CIBC reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Royal Bank Of Canada upped their price objective on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a report on Monday, April 14th. Finally, Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Trading Down 4.9%

Alamos Gold stock traded down $1.24 during trading hours on Thursday, hitting $24.13. The stock had a trading volume of 4,473,567 shares, compared to its average volume of 3,467,189. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 0.56 and a beta of 0.54. The business's 50 day simple moving average is $26.39 and its 200-day simple moving average is $25.16. The company has a quick ratio of 0.94, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a one year low of $15.74 and a one year high of $31.00.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a return on equity of 9.83% and a net margin of 18.36%. The company had revenue of $438.20 million during the quarter, compared to analysts' expectations of $400.61 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business's quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. Alamos Gold's payout ratio is 16.13%.

Alamos Gold Company 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.