107,971 Shares in Alamos Gold Inc. $AGI Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 107,971 shares of the basic materials company’s stock, valued at approximately $2,868,000. Alamos Gold accounts for about 0.8% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of AGI. Cheviot Value Management LLC increased its stake in Alamos Gold by 1.2% in the 1st quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company’s stock worth $1,346,000 after purchasing an additional 635 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Alamos Gold in the second quarter worth approximately $30,000. Banque Transatlantique SA acquired a new stake in shares of Alamos Gold during the first quarter valued at approximately $31,000. Moors & Cabot Inc. raised its holdings in shares of Alamos Gold by 2.7% during the second quarter. Moors & Cabot Inc. now owns 50,051 shares of the basic materials company’s stock valued at $1,329,000 after acquiring an additional 1,300 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Alamos Gold by 0.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 196,833 shares of the basic materials company’s stock valued at $5,225,000 after acquiring an additional 1,455 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI opened at $33.89 on Thursday. The stock has a fifty day moving average price of $33.00 and a 200 day moving average price of $29.02. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Alamos Gold Inc. has a 1 year low of $17.80 and a 1 year high of $37.54. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The business’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. Analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed 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 yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings downgraded Alamos Gold from a “buy (a)” rating to a “buy (b+)” rating in a research note on Thursday, November 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, September 16th. Finally, TD Securities reiterated a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and an average price target of $41.00.

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.