CWA Asset Management Group LLC Invests $793,000 in Alamos Gold Inc. (NYSE:AGI)

CWA Asset Management Group LLC bought a new position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 39,783 shares of the basic materials company's stock, valued at approximately $793,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hara Capital LLC acquired a new position in shares of Alamos Gold during the 3rd quarter worth about $47,000. Principal Financial Group Inc. boosted its position in Alamos Gold by 3.7% in the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company's stock valued at $34,655,000 after buying an additional 61,700 shares in the last quarter. Old West Investment Management LLC lifted its holdings in shares of Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock worth $9,689,000 after purchasing an additional 48,128 shares during the period. Murphy Pohlad Asset Management LLC increased its position in shares of Alamos Gold by 9.6% during the third quarter. Murphy Pohlad Asset Management LLC now owns 148,860 shares of the basic materials company's stock worth $2,968,000 after acquiring an additional 12,990 shares in the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in Alamos Gold during the 3rd quarter worth approximately $1,397,000. Institutional investors own 64.33% of the company's stock.

Alamos Gold Stock Down 6.5 %

Shares of NYSE:AGI traded down $1.26 during trading on Monday, hitting $18.12. 3,808,656 shares of the stock traded hands, compared to its average volume of 2,358,382. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 0.85 and a beta of 1.19. The company has a fifty day moving average price of $19.97 and a two-hundred day moving average price of $17.91. Alamos Gold Inc. has a 52-week low of $11.24 and a 52-week high of $21.45.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 9.24%. The company had revenue of $360.90 million during the quarter. On average, equities research analysts predict that Alamos Gold Inc. will post 0.78 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.10 annualized dividend and a yield of 0.55%. Alamos Gold's dividend payout ratio (DPR) is presently 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AGI shares. StockNews.com cut shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, October 4th. National Bank Financial downgraded shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. Scotiabank lifted their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada boosted their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.06.

Alamos Gold Company 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.