Private Advisor Group LLC purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,361 shares of the basic materials company's stock, valued at approximately $491,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy Pohlad Asset Management LLC grew its position 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 valued at $4,269,000 after buying an additional 500 shares during the period. Baird Financial Group Inc. grew its position in Alamos Gold by 0.3% during the fourth quarter. Baird Financial Group Inc. now owns 181,611 shares of the basic materials company's stock valued at $3,349,000 after buying an additional 614 shares during the period. SBI Securities Co. Ltd. grew its position 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 valued at $44,000 after buying an additional 660 shares during the period. NewEdge Advisors LLC grew its position in Alamos Gold by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 72,751 shares of the basic materials company's stock valued at $1,342,000 after buying an additional 854 shares during the period. Finally, Brown Advisory Inc. grew its position 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 valued at $315,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Price Performance
AGI stock traded up $0.52 during mid-day trading on Friday, reaching $24.82. The company's stock had a trading volume of 4,965,624 shares, compared to its average volume of 3,480,920. The stock has a market cap of $10.43 billion, a PE ratio of 29.90, a P/E/G ratio of 0.53 and a beta of 0.51. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $31.00. The company's 50 day moving average is $26.33 and its two-hundred day moving average is $25.23.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its earnings results 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 net margin of 22.99% and a return on equity of 10.81%. The company had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Alamos Gold's quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.10 dividend on an annualized basis and a yield of 0.4%. Alamos Gold's payout ratio is 12.05%.
Analyst Ratings Changes
Several research firms recently commented on AGI. CIBC restated an "outperform" rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of Alamos Gold in a research report on Monday, April 14th. Wall Street Zen upgraded shares of Alamos Gold from a "hold" rating to a "buy" rating in a research report on Saturday. Stifel Canada upgraded shares of Alamos Gold to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $30.38.
Read Our Latest Stock Analysis on Alamos Gold
Alamos Gold Company Profile
(
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
