Campbell & CO Investment Adviser LLC Has $316,000 Stake in Alamos Gold Inc. $AGI

Campbell & CO Investment Adviser LLC reduced its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 84.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,883 shares of the basic materials company’s stock after selling 64,925 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Alamos Gold were worth $316,000 at the end of the most recent quarter.

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

Alamos Gold Stock Down 0.8%

AGI opened at $33.08 on Tuesday. Alamos Gold Inc. has a twelve month low of $17.80 and a twelve month high of $37.54. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.50 and a beta of 0.50. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $32.96 and its two-hundred day moving average price is $28.93.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $462.30 million for 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 business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

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

Wall Street Analyst Weigh In

AGI has been the subject of several research reports. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Thursday, October 23rd. TD Securities restated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Finally, Weiss Ratings lowered Alamos Gold from a “buy (a)” rating to a “buy (b+)” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.