Nykredit A S Makes New $4.34 Million Investment in Alamos Gold Inc. $AGI

Key Points

• Nykredit A/S acquired 143,260 Alamos Gold shares in the second quarter, valued at approximately $4.34 million. Institutional investors and hedge funds collectively own 64.33% of AGI.
• Alamos Gold reported quarterly EPS of $0.59, beating estimates of $0.52, while revenue rose 35.6% year over year to $594.1 million. The company posted a 52.64% net margin and 19.28% return on equity.
• Analysts maintain a generally positive view, with seven Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $47.50. Alamos also declared a quarterly dividend of $0.04 per share, yielding 0.4% annually.

Nykredit A S bought a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 143,260 shares of the basic materials company's stock, valued at approximately $4,342,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC lifted its position in Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company's stock worth $25,000 after buying an additional 251 shares in the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Alamos Gold by 1.4% during the 4th quarter. Cary Street Partners Financial LLC now owns 24,730 shares of the basic materials company's stock worth $954,000 after buying an additional 335 shares during the last quarter. Petra Financial Advisors Inc. increased its holdings in shares of Alamos Gold by 2.3% during the 1st quarter. Petra Financial Advisors Inc. now owns 23,153 shares of the basic materials company's stock worth $1,029,000 after buying an additional 518 shares during the last quarter. Parvin Asset Management LLC raised its position in shares of Alamos Gold by 1.8% during the 1st quarter. Parvin Asset Management LLC now owns 35,390 shares of the basic materials company's stock valued at $1,572,000 after buying an additional 625 shares during the period. Finally, XML Financial LLC lifted its holdings in Alamos Gold by 10.8% in the second quarter. XML Financial LLC now owns 7,200 shares of the basic materials company's stock valued at $218,000 after acquiring an additional 700 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

NYSE:AGI opened at $36.27 on Wednesday. Alamos Gold Inc. has a 12 month low of $27.05 and a 12 month high of $55.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $15.18 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.47 and a beta of 0.61. The business's fifty day moving average price is $33.50 and its 200 day moving average price is $37.87.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $594.10 million during the quarter, compared to analysts' expectations of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The business's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 2.12 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Alamos Gold's dividend payout ratio (DPR) is presently 5.78%.

Analyst Ratings Changes

AGI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Bank of America lowered their target price on shares of Alamos Gold from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group dropped their target price on shares of Alamos Gold from $50.00 to $49.00 and set a "buy" rating for the company in a report on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Alamos Gold in a research note on Saturday, June 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $47.50.

About Alamos Gold

Alamos Gold Inc is a Canadian-based gold producer engaged in the acquisition, exploration, development and operation of gold mines. The company produces gold doré and related by-products from its wholly owned mining operations in Canada and Mexico, and also maintains a portfolio of exploration and development projects.

Alamos Gold's principal Canadian assets are the Island Gold and Young-Davidson mines in Ontario, along with the Magino mine near Dubreuilville, Ontario. In Mexico, the company operates the Mulatos mining district in Sonora, which includes the La Yaqui Grande mine.

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