Quantinno Capital Management LP Grows Holdings in Alamos Gold Inc. $AGI

Key Points

• Quantinno Capital Management increased its Alamos Gold stake by 220.9% in the first quarter, ending with 51,422 shares valued at approximately $2.28 million. Institutional investors collectively own 64.33% of the company.
• Alamos Gold reported quarterly EPS of $0.59, beating estimates by $0.07, while revenue rose 35.6% year over year to $594.1 million. The company also pays a quarterly dividend of $0.04, representing a 0.5% yield.
• Analyst sentiment remains positive overall, with eight Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and a $47.50 average price target.

Quantinno Capital Management LP increased its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 220.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,422 shares of the basic materials company's stock after acquiring an additional 35,396 shares during the quarter. Quantinno Capital Management LP's holdings in Alamos Gold were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company's stock worth $28,000 after purchasing an additional 222 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Alamos Gold by 2.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company's stock valued at $454,000 after purchasing an additional 229 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Alamos Gold by 3.2% during the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company's stock valued at $340,000 after purchasing an additional 300 shares during the last quarter. Finally, Coastal Bridge Advisors LLC boosted its position in shares of Alamos Gold by 1.8% in the 4th quarter. Coastal Bridge Advisors LLC now owns 16,907 shares of the basic materials company's stock worth $654,000 after purchasing an additional 300 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

NYSE AGI opened at $33.25 on Tuesday. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.43 and a beta of 0.56. Alamos Gold Inc. has a 1-year low of $25.31 and a 1-year 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 business's fifty day moving average price is $31.82 and its 200-day moving average price is $39.86.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.07. The company had revenue of $594.10 million for the quarter, compared to the consensus estimate of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The firm's revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, equities analysts predict that Alamos Gold Inc. will post 2.18 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold's dividend payout ratio (DPR) is currently 5.78%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank restated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Weiss Ratings cut Alamos Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Jefferies Financial Group cut their target price on Alamos Gold from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Alamos Gold in a report on Saturday, June 20th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.

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