Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in Alamos Gold Inc. (NYSE:AGI)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 38,500 shares of the basic materials company's stock, valued at approximately $711,000. Alamos Gold comprises approximately 2.1% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Alamos Gold by 46.6% in the 3rd quarter. Barclays PLC now owns 322,402 shares of the basic materials company's stock worth $6,428,000 after purchasing an additional 102,525 shares during the last quarter. Veracity Capital LLC boosted its holdings in Alamos Gold by 3.2% during the fourth quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company's stock worth $416,000 after buying an additional 694 shares during the last quarter. Blue Trust Inc. grew its position in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $699,000. Finally, R Squared Ltd bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $61,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGI has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Alamos Gold from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. National Bank Financial upgraded shares of Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. Bank of America decreased their price target on shares of Alamos Gold from $31.00 to $30.50 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada upped their price objective 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. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Alamos Gold in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.38.

Alamos Gold Stock Down 2.0%

Shares of AGI stock traded down $0.53 on Tuesday, hitting $25.71. 3,024,600 shares of the stock were exchanged, compared to its average volume of 2,718,843. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $10.81 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 0.40 and a beta of 0.60. Alamos Gold Inc. has a fifty-two week low of $15.01 and a fifty-two week high of $31.00. The business has a 50-day moving average of $26.72 and a 200 day moving average of $22.72.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. The firm had revenue of $333.00 million during the quarter, compared to the consensus estimate of $324.98 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The company's revenue was up 20.0% on a year-over-year basis. Equities analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Thursday, March 13th. Alamos Gold's dividend payout ratio is presently 16.13%.

About Alamos Gold

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.