Sentry Investment Management LLC increased its holdings in shares of Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 26.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 516,878 shares of the basic materials company’s stock after purchasing an additional 109,607 shares during the period. Sentry Investment Management LLC owned 0.13% of Alamos Gold worth $2,383,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of AGI. Clean Yield Group bought a new position in Alamos Gold during the second quarter worth about $102,000. Dynamic Technology Lab Private Ltd bought a new position in Alamos Gold during the first quarter worth about $123,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Alamos Gold during the second quarter worth about $228,000. Tower Research Capital LLC TRC grew its holdings in Alamos Gold by 221.9% during the second quarter. Tower Research Capital LLC TRC now owns 52,534 shares of the basic materials company’s stock worth $299,000 after purchasing an additional 36,216 shares during the period. Finally, Oxbow Advisors LLC grew its holdings in Alamos Gold by 179.2% during the second quarter. Oxbow Advisors LLC now owns 72,802 shares of the basic materials company’s stock worth $414,000 after purchasing an additional 46,730 shares during the period. Institutional investors and hedge funds own 59.32% of the company’s stock.
A number of equities analysts recently commented on the company. Raymond James reiterated a “buy” rating on shares of Alamos Gold in a report on Friday, November 2nd. Zacks Investment Research cut Alamos Gold from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. ValuEngine cut Alamos Gold from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 4th. Finally, CSFB restated an “outperform” rating and set a $7.50 price objective on shares of Alamos Gold in a report on Friday, September 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $8.29.
Shares of NYSE:AGI opened at $3.59 on Friday. Alamos Gold Inc has a 12-month low of $3.58 and a 12-month high of $7.03. The company has a market cap of $1.51 billion, a PE ratio of 29.92, a PEG ratio of 1.73 and a beta of 0.34.
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 30th. Stockholders of record on Monday, October 15th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, October 12th. Alamos Gold’s dividend payout ratio is presently 16.67%.
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Alamos Gold Company Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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