Sciencast Management LP Buys New Shares in Alamos Gold Inc. $AGI

Key Points

• Sciencast Management LP has acquired a new position in Alamos Gold Inc. with a purchase of 63,775 shares valued at approximately $1.71 million.
• Several hedge funds have also increased their stakes, indicating a growing institutional interest in Alamos Gold, which now has 64.33% of its stock owned by institutional investors.
• Alamos Gold's recent earnings showed a 31.7% increase in revenue year-over-year, reporting an EPS of $0.34, surpassing analyst expectations.

Sciencast Management LP acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 63,775 shares of the basic materials company's stock, valued at approximately $1,705,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Alamos Gold during the 1st quarter valued at approximately $31,000. Sunbelt Securities Inc. bought a new position in Alamos Gold during the 1st quarter valued at approximately $41,000. SBI Securities Co. Ltd. increased its holdings in shares of Alamos Gold by 67.0% in the 1st 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 in the last quarter. SVB Wealth LLC bought a new stake in shares of Alamos Gold in the 1st quarter worth $67,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Alamos Gold in the 1st quarter worth $68,000. Institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on AGI shares. Stifel Nicolaus started coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a "buy" rating for the company. National Bankshares reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, August 5th. Stifel Canada raised Alamos Gold to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen lowered Alamos Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, CIBC reissued an "outperform" rating on shares of Alamos Gold in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Stock Performance

Shares of AGI traded up $0.07 during trading hours on Friday, hitting $32.97. The stock had a trading volume of 2,386,686 shares, compared to its average volume of 3,110,287. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $33.27. The firm has a market capitalization of $13.87 billion, a PE ratio of 39.72, a PEG ratio of 0.72 and a beta of 0.55. The stock has a fifty day moving average price of $27.65 and a 200 day moving average price of $26.80.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $400.61 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. Alamos Gold's revenue was up 31.7% compared to the same quarter last year. Analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold's payout ratio 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.