Oak Ridge Investments LLC acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,069 shares of the basic materials company's stock, valued at approximately $1,397,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Foundation Resource Management Inc. boosted its position in Alamos Gold by 3.0% in the third quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company's stock valued at $826,000 after buying an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Alamos Gold by 3.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company's stock valued at $609,000 after acquiring an additional 1,282 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Alamos Gold by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company's stock worth $1,042,000 after buying an additional 1,654 shares during the last quarter. Easterly Investment Partners LLC lifted its position in Alamos Gold by 0.6% in the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company's stock valued at $4,358,000 after acquiring an additional 1,673 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Alamos Gold by 18.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company's stock valued at $216,000 after purchasing an additional 2,141 shares in the last quarter. 64.33% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on AGI. Royal Bank of Canada increased their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank upped their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. National Bank Financial downgraded Alamos Gold from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 8th. Finally, StockNews.com lowered shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Alamos Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.06.
View Our Latest Report on Alamos Gold
Alamos Gold Trading Down 0.3 %
NYSE AGI traded down $0.07 on Friday, reaching $20.11. 2,585,995 shares of the stock were exchanged, compared to its average volume of 2,341,224. Alamos Gold Inc. has a one year low of $11.24 and a one year high of $21.45. The company's 50-day simple moving average is $19.91 and its two-hundred day simple moving average is $17.67. The firm has a market capitalization of $8.45 billion, a PE ratio of 40.36, a PEG ratio of 0.92 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The business had revenue of $332.60 million during the quarter, compared to analyst estimates of $282.78 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company's revenue for the quarter was up 27.4% compared to the same quarter last year. Sell-side analysts forecast that Alamos Gold Inc. will post 0.78 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.50%. Alamos Gold's payout ratio is 20.00%.
Alamos Gold Profile
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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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