DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 60,184 shares of the basic materials company's stock, valued at approximately $1,196,000.
Several other large investors have also recently modified their holdings of AGI. Baldwin Brothers LLC MA bought a new position in Alamos Gold in the 2nd quarter valued at approximately $47,000. Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the second quarter valued at $48,000. Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold during the second quarter valued at $88,000. Eastern Bank bought a new stake in Alamos Gold in the 3rd quarter worth about $111,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Alamos Gold in the 1st quarter worth about $203,000. Hedge funds and other institutional investors own 64.33% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on AGI shares. National Bank Financial downgraded shares of Alamos Gold from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 8th. Jefferies Financial Group lifted their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Scotiabank increased their price target on Alamos Gold from $20.00 to $22.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. Royal Bank of Canada raised their price target on Alamos Gold from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, StockNews.com cut Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.06.
Get Our Latest Stock Report on Alamos Gold
Alamos Gold Stock Down 0.0 %
AGI traded down $0.01 during trading on Thursday, hitting $21.09. The company's stock had a trading volume of 2,349,965 shares, compared to its average volume of 2,351,229. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45. The business's 50 day simple moving average is $19.80 and its 200-day simple moving average is $17.47. The firm has a market cap of $8.42 billion, a PE ratio of 40.56, a P/E/G ratio of 0.86 and a beta of 1.18.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The company had revenue of $332.60 million for the quarter, compared to analysts' expectations of $282.78 million. During the same period last year, the firm earned $0.15 EPS. Alamos Gold's revenue for the quarter was up 27.4% compared to the same quarter last year. Equities research analysts expect that Alamos Gold Inc. will post 0.75 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. Alamos Gold's dividend payout ratio (DPR) is presently 19.23%.
About Alamos Gold
(
Free Report)
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.
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