63,775 Shares in Alamos Gold Inc. $AGI Bought by Sciencast Management LP

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 purchased a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 63,775 shares of the basic materials company's stock, valued at approximately $1,705,000.

Several other hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company's stock worth $64,032,000 after purchasing an additional 1,227,695 shares in the last quarter. Knightsbridge Asset Management LLC acquired a new stake in shares of Alamos Gold in the 1st quarter worth $218,000. Edmond DE Rothschild Holding S.A. increased its stake in shares of Alamos Gold by 30.0% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 118,294 shares of the basic materials company's stock worth $3,167,000 after acquiring an additional 27,300 shares during the last quarter. Eschler Asset Management LLP increased its stake in shares of Alamos Gold by 63.6% in the 1st quarter. Eschler Asset Management LLP now owns 95,726 shares of the basic materials company's stock worth $2,560,000 after acquiring an additional 37,226 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Alamos Gold during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 64.33% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AGI shares. Wall Street Zen downgraded Alamos Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Nicolaus assumed coverage on Alamos Gold in a research report on Wednesday, July 9th. They issued a "buy" rating for 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. Finally, CIBC reiterated an "outperform" rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $30.38.

Alamos Gold Stock Up 0.2%

AGI stock traded up $0.07 during trading on Friday, hitting $32.97. 2,386,686 shares of the company's stock were exchanged, compared to its average volume of 3,175,458. The business has a 50-day moving average price of $27.65 and a two-hundred day moving average price of $26.74. The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 0.72 and a beta of 0.55. Alamos Gold Inc. has a 52-week low of $17.42 and a 52-week high of $33.27. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results 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. The company had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The firm's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, equities research analysts expect 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. Stockholders of record on Thursday, September 11th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold's payout ratio is presently 12.05%.

Alamos Gold 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.