Plancorp LLC Has $2.14 Million Stake in Alamos Gold Inc. $AGI

Key Points

• Plancorp LLC increased its stake in Alamos Gold Inc. by 30.3% during the second quarter, holding 80,500 shares valued at approximately $2.14 million.
• Various institutional investors have also significantly increased their holdings in Alamos Gold, resulting in institutional ownership of 64.33% of the company's stock.
• The company recently announced a quarterly dividend of $0.025, representing an annualized dividend of $0.10 with a yield of 0.3%.

Plancorp LLC raised its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 30.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,500 shares of the basic materials company's stock after purchasing an additional 18,732 shares during the quarter. Plancorp LLC's holdings in Alamos Gold were worth $2,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its holdings in Alamos Gold by 0.3% during the first quarter. Murphy Pohlad Asset Management LLC now owns 159,650 shares of the basic materials company's stock worth $4,269,000 after purchasing an additional 500 shares during the period. Cheviot Value Management LLC grew its holdings in Alamos Gold by 1.2% during the first quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company's stock worth $1,346,000 after purchasing an additional 635 shares during the period. SBI Securities Co. Ltd. grew its holdings in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company's stock worth $44,000 after purchasing an additional 660 shares during the period. Brown Advisory Inc. grew its holdings in Alamos Gold by 9.3% during the first quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company's stock worth $315,000 after purchasing an additional 1,000 shares during the period. Finally, SeaBridge Investment Advisors LLC grew its holdings in Alamos Gold by 10.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the basic materials company's stock worth $294,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 64.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on AGI. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a "buy" rating for the company. Wall Street Zen upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Alamos Gold has a consensus rating of "Buy" and a consensus price target of $30.38.

Alamos Gold Stock Performance

Shares of AGI opened at $33.36 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $14.03 billion, a P/E ratio of 40.19, a price-to-earnings-growth ratio of 0.69 and a beta of 0.55. The firm's fifty day simple moving average is $28.62 and its two-hundred day simple moving average is $27.25. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $34.40.

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 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $438.20 million for the quarter, compared to analysts' expectations of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The business's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a $0.025 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold's dividend payout ratio (DPR) is 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.

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