Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC raised its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 89.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,201,069 shares of the basic materials company's stock after purchasing an additional 567,706 shares during the period. Alamos Gold accounts for 3.7% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 8th largest holding. Goehring & Rozencwajg Associates LLC owned approximately 0.30% of Alamos Gold worth $18,833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold during the second quarter worth $47,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold in the second quarter valued at approximately $48,000. St. Johns Investment Management Company LLC purchased a new position in shares of Alamos Gold in the 1st quarter valued at $115,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Alamos Gold during the first quarter worth about $203,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Alamos Gold during the fourth quarter worth approximately $216,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AGI shares. 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 note on Monday, August 19th. Royal Bank of Canada lifted their price target on Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. National Bank Financial lowered shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. Finally, Jefferies Financial Group increased their price target on shares of Alamos Gold from $21.00 to $23.00 and gave the company a "buy" rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.81.

Alamos Gold Trading Up 0.5 %

Shares of AGI stock traded up $0.10 during mid-day trading on Thursday, reaching $20.30. The stock had a trading volume of 2,345,427 shares, compared to its average volume of 2,319,733. The company has a market cap of $8.10 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 0.82 and a beta of 1.18. Alamos Gold Inc. has a 12-month low of $10.78 and a 12-month high of $21.14. The business has a 50-day simple moving average of $18.36 and a 200 day simple moving average of $16.37.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The firm had revenue of $332.60 million during the quarter, compared to the consensus estimate of $282.78 million. During the same period last year, the firm posted $0.15 EPS. The firm's revenue for the quarter was up 27.4% on a year-over-year basis. Research analysts anticipate that Alamos Gold Inc. will post 0.75 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, September 12th. Alamos Gold's payout ratio is currently 19.23%.

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.