68,300 Shares in Alamos Gold Inc. $AGI Bought by Andra AP fonden

Andra AP fonden bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the second quarter, according to its most recent filing with the SEC. The firm bought 68,300 shares of the basic materials company’s stock, valued at approximately $1,814,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new stake in Alamos Gold during the second quarter valued at about $30,000. Banque Transatlantique SA bought a new position in shares of Alamos Gold in the first quarter worth about $31,000. SBI Securities Co. Ltd. lifted its position in shares of Alamos Gold by 67.0% during 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 during the last quarter. SVB Wealth LLC bought a new stake in Alamos Gold during the 1st quarter valued at approximately $67,000. Finally, Banque Cantonale Vaudoise bought a new stake in Alamos Gold during the 1st quarter valued at approximately $68,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE AGI opened at $30.99 on Friday. The stock has a market cap of $13.04 billion, a P/E ratio of 24.21, a PEG ratio of 0.50 and a beta of 0.50. The company’s 50-day simple moving average is $32.81 and its 200 day simple moving average is $28.70. Alamos Gold Inc. has a twelve month low of $17.42 and a twelve month high of $37.54. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. As a group, research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

Analysts Set New Price Targets

Several brokerages have commented on AGI. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Weiss Ratings raised shares of Alamos Gold from a “buy (b)” rating to a “buy (a)” rating in a research report on Friday. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Finally, Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $41.00.

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.