Nuveen LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,354 shares of the basic materials company's stock, valued at approximately $731,000.
A number of other large investors have also recently made changes to their positions in AGI. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company's stock valued at $156,780,000 after buying an additional 957,359 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Alamos Gold by 106.1% during the 4th quarter. Two Sigma Investments LP now owns 1,288,696 shares of the basic materials company's stock valued at $23,764,000 after buying an additional 663,381 shares in the last quarter. Genus Capital Management Inc. lifted its holdings in Alamos Gold by 203.7% during the 1st quarter. Genus Capital Management Inc. now owns 300,897 shares of the basic materials company's stock valued at $8,039,000 after buying an additional 591,074 shares in the last quarter. Man Group plc lifted its holdings in Alamos Gold by 942.8% during the 4th quarter. Man Group plc now owns 559,511 shares of the basic materials company's stock valued at $10,317,000 after buying an additional 505,857 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Alamos Gold by 45.1% during the 4th quarter. Bank of America Corp DE now owns 1,391,497 shares of the basic materials company's stock valued at $25,659,000 after buying an additional 432,641 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on AGI shares. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. CIBC restated an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus assumed coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $30.38.
Get Our Latest Analysis on AGI
Alamos Gold Stock Up 2.1%
Shares of NYSE AGI traded up $0.66 during trading hours on Friday, hitting $32.21. 2,933,621 shares of the stock were exchanged, compared to its average volume of 3,030,002. 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 company has a market cap of $13.54 billion, a PE ratio of 38.81, a PEG ratio of 0.70 and a beta of 0.55. The firm has a fifty day moving average price of $27.05 and a 200-day moving average price of $26.45. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month 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 the consensus estimate of $0.33 by $0.01. The firm had revenue of $438.20 million during the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. Alamos Gold's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 11th. Alamos Gold's payout ratio is 12.05%.
About Alamos Gold
(
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.
See Also
Before you consider Alamos Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alamos Gold wasn't on the list.
While Alamos Gold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
