Philadelphia Trust Co. Invests $265,000 in Alamos Gold Inc. $AGI

Key Points

• Philadelphia Trust Co. has acquired a new stake worth approximately $265,000 in Alamos Gold Inc., purchasing 9,910 shares during the first quarter.
• Institutional investors now own 64.33% of Alamos Gold, with significant increases in holdings from various firms, including American Century Companies and HighTower Advisors.
• Alamos Gold recently reported a 31.7% year-over-year revenue increase, with earnings per share of $0.34, beating estimates, and forecasts for the current fiscal year projecting an EPS of 1.29.

Philadelphia Trust Co. acquired a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,910 shares of the basic materials company's stock, valued at approximately $265,000.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Alamos Gold during the first quarter valued at $41,000. SBI Securities Co. Ltd. boosted its stake 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 in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Alamos Gold during the 1st quarter worth about $68,000. Coppell Advisory Solutions LLC boosted its stake in shares of Alamos Gold by 14.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company's stock worth $181,000 after acquiring an additional 1,260 shares in the last quarter. Finally, NBT Bank N A NY bought a new stake in shares of Alamos Gold during the 1st quarter worth about $190,000. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. National Bankshares reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Stifel Canada upgraded Alamos Gold to a "strong-buy" rating in a research note on Tuesday, July 8th. CIBC restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Stifel Nicolaus started coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Finally, Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Two 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 stock. According to MarketBeat, Alamos Gold currently has an average rating of "Buy" and a consensus target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI stock traded up $0.8250 during mid-day trading on Friday, reaching $28.6050. The stock had a trading volume of 1,867,888 shares, compared to its average volume of 3,449,894. The firm's 50 day simple moving average is $26.19 and its 200 day simple moving average is $25.80. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $31.00. The firm has a market cap of $12.03 billion, a PE ratio of 34.46, a P/E/G ratio of 0.58 and a beta of 0.51.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same quarter last year, the company earned $0.24 EPS. The company's quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 12th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 12th. Alamos Gold's dividend payout ratio (DPR) is currently 12.05%.

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.