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

DekaBank Deutsche Girozentrale boosted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1,254.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,386 shares of the basic materials company’s stock after acquiring an additional 55,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alamos Gold were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in shares of Alamos Gold during the fourth quarter worth about $27,000. Tower Research Capital LLC TRC lifted its stake in shares of Alamos Gold by 230.1% during the second 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 in the last quarter. Engineers Gate Manager LP acquired a new position in shares of Alamos Gold during the third quarter worth about $81,000. Brown Brothers Harriman & Co. increased its position in shares of Alamos Gold by 58.8% during the first quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the basic materials company’s stock worth $83,000 after acquiring an additional 3,665 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Alamos Gold during the second quarter worth about $84,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Ratings Changes

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

Alamos Gold Stock Down 1.5 %

Shares of Alamos Gold stock opened at $14.99 on Tuesday. The firm has a market cap of $5.96 billion, a P/E ratio of 28.27, a P/E/G ratio of 3.75 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $16.01. The business has a 50-day moving average price of $13.23 and a 200 day moving average price of $13.03.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.12 earnings per share for the quarter, meeting the consensus estimate 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%. Alamos Gold’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 0.66 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is presently 18.87%.

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.