18,974 Shares in Alamos Gold Inc. $AGI Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,974 shares of the basic materials company’s stock, valued at approximately $843,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cannell & Spears LLC increased its position in shares of Alamos Gold by 512.4% in the 3rd quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock valued at $44,492,000 after purchasing an additional 1,067,883 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alamos Gold by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after purchasing an additional 332,335 shares in the last quarter. Generate Investment Management Ltd increased its holdings in Alamos Gold by 14.3% in the fourth quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock valued at $46,296,000 after buying an additional 150,000 shares during the last quarter. Van ECK Associates Corp raised its stake in Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after buying an additional 11,876,324 shares in the last quarter. Finally, Korea Investment CORP lifted its holdings in Alamos Gold by 125.1% during the 3rd quarter. Korea Investment CORP now owns 465,219 shares of the basic materials company’s stock worth $16,219,000 after buying an additional 258,514 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at $31.58 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $13.24 billion, a P/E ratio of 12.58, a PEG ratio of 0.43 and a beta of 0.55. The business has a 50 day simple moving average of $37.82 and a 200-day simple moving average of $41.74. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s revenue was up 79.2% compared to the same quarter last year. As a group, equities analysts anticipate that Alamos Gold Inc. will post 2.35 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Alamos Gold’s payout ratio is presently 6.37%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AGI shares. Bank of America dropped their price objective on Alamos Gold from $57.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Weiss Ratings lowered shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $53.00.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.