Alamos Gold Inc. (NYSE:AGI) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 1,254.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,386 shares of the basic materials company's stock after purchasing an additional 55,000 shares during the period. DekaBank Deutsche Girozentrale's holdings in Alamos Gold were worth $807,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AGI. Anchor Investment Management LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at $27,000. Tower Research Capital LLC TRC raised its holdings in Alamos Gold by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,948 shares of the basic materials company's stock worth $47,000 after purchasing an additional 2,752 shares during the period. Engineers Gate Manager LP bought a new position in Alamos Gold in the 3rd quarter worth $81,000. Brown Brothers Harriman & Co. raised its holdings in Alamos Gold by 58.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company's stock worth $83,000 after purchasing an additional 3,665 shares during the period. Finally, IFP Advisors Inc bought a new position in Alamos Gold in the 2nd quarter worth $84,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Alamos Gold in a report on Monday, April 8th. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a report on Sunday. Jefferies Financial Group assumed coverage on Alamos Gold in a report on Thursday, February 29th. They issued a "buy" rating and a $14.00 target price on the stock. Bank of America raised Alamos Gold from a "neutral" rating to a "buy" rating and raised their target price for the stock from $21.75 to $27.25 in a report on Tuesday, April 9th. Finally, Royal Bank of Canada raised Alamos Gold from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $12.00 to $16.00 in a report on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.95.

Alamos Gold Stock Down 0.7 %

NYSE:AGI traded down $0.10 on Tuesday, reaching $14.89. 2,119,112 shares of the company's stock traded hands, compared to its average volume of 2,592,841. The stock has a 50-day simple moving average of $13.27 and a 200-day simple moving average of $13.06. The firm has a market cap of $5.92 billion, a PE ratio of 28.09, a P/E/G ratio of 3.75 and a beta of 1.15. Alamos Gold Inc. has a 12 month low of $10.78 and a 12 month high of $16.01.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The firm had revenue of $254.60 million during the quarter, compared to analyst estimates of $257.47 million. Alamos Gold had a return on equity of 7.30% and a net margin of 20.52%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities analysts anticipate that Alamos Gold Inc. will post 0.66 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.67%. Alamos Gold's payout ratio is 18.87%.

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.