297,790 Shares in Alamos Gold Inc. $AGI Purchased by Aviva PLC

Aviva PLC acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 297,790 shares of the basic materials company’s stock, valued at approximately $7,919,000. Aviva PLC owned about 0.07% of Alamos Gold at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new position in shares of Alamos Gold in the 2nd quarter worth approximately $30,000. Banque Transatlantique SA bought a new stake in Alamos Gold in the first quarter worth $31,000. SBI Securities Co. Ltd. boosted its stake in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares during the period. SVB Wealth LLC bought a new position in Alamos Gold during the first quarter valued at $67,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Alamos Gold in the first quarter valued at $68,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGI has been the topic of several analyst reports. Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Bank of America raised their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings upgraded Alamos Gold from a “buy (b)” rating to a “buy (a)” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $41.00.

Alamos Gold Stock Up 3.2%

Alamos Gold stock opened at $33.71 on Thursday. The business’s 50-day simple moving average is $32.90 and its two-hundred day simple moving average is $28.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The company has a market cap of $14.18 billion, a PE ratio of 26.33, a PEG ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $37.54.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its 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 the consensus estimate of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The company’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. 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, September 25th. Shareholders of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s payout ratio is presently 7.81%.

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.