Eurizon Capital SGR S.p.A. Purchases Shares of 65,149 Alamos Gold Inc. $AGI

Eurizon Capital SGR S.p.A. acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 65,149 shares of the basic materials company’s stock, valued at approximately $2,537,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in shares of Alamos Gold during the 4th quarter worth about $25,000. Clearstead Advisors LLC lifted its holdings in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares during the period. Bayforest Capital Ltd bought a new position in shares of Alamos Gold during the 4th quarter worth about $44,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 581 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Alamos Gold by 93.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 2,307 shares during the period. 64.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AGI shares. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Scotiabank raised their price objective on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $50.67.

Alamos Gold Trading Down 0.0%

Shares of Alamos Gold stock opened at $39.54 on Wednesday. The stock has a market capitalization of $16.61 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 0.51 and a beta of 0.49. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a 50-day simple moving average of $43.11 and a 200 day simple moving average of $41.96. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 79.2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Research analysts expect that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

About Alamos Gold

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.