Erste Asset Management GmbH Acquires Shares of 32,700 Alamos Gold Inc. (NYSE:AGI)

Erste Asset Management GmbH acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,700 shares of the basic materials company's stock, valued at approximately $653,000.

A number of other large investors also recently added to or reduced their stakes in AGI. Murphy Pohlad Asset Management LLC boosted its position in shares of Alamos Gold by 81.9% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 135,870 shares of the basic materials company's stock worth $2,130,000 after purchasing an additional 61,155 shares during the last quarter. Old West Investment Management LLC boosted its holdings in 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 buying an additional 48,128 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Alamos Gold during the 3rd quarter worth about $1,196,000. Mackenzie Financial Corp increased its stake in shares of Alamos Gold by 147.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after acquiring an additional 4,521,282 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Alamos Gold during the 3rd quarter worth approximately $793,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Up 1.0 %

Alamos Gold stock traded up $0.20 during mid-day trading on Wednesday, reaching $19.56. The company's stock had a trading volume of 1,492,813 shares, compared to its average volume of 2,357,849. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The business's 50 day simple moving average is $19.54 and its 200 day simple moving average is $18.27. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.15.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its 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 8.85%. The company had revenue of $360.90 million during the quarter. As a group, research analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.025 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. Alamos Gold's dividend payout ratio is presently 16.67%.

Wall Street Analysts Forecast Growth

AGI has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday. Jefferies Financial Group upped their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, Scotiabank raised their price objective on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $25.06.

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.