14,833 Shares in Alamos Gold Inc. $AGI Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, Holdings Channel reports. The institutional investor bought 14,833 shares of the basic materials company’s stock, valued at approximately $517,000.

A number of other hedge funds have also made changes to their positions in AGI. Vanguard Group Inc. lifted its holdings in shares of Alamos Gold by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock valued at $600,712,000 after buying an additional 524,263 shares during the last quarter. Intact Investment Management Inc. lifted its stake in Alamos Gold by 3.8% in the third quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company’s stock valued at $22,928,000 after acquiring an additional 24,330 shares during the last quarter. Caldwell Investment Management Ltd. grew its position in Alamos Gold by 143.5% in the third quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company’s stock worth $5,818,000 after acquiring an additional 99,000 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Alamos Gold by 29.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,468,980 shares of the basic materials company’s stock worth $51,192,000 after purchasing an additional 336,200 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Alamos Gold by 55.3% during the 2nd quarter. Swiss National Bank now owns 1,277,936 shares of the basic materials company’s stock valued at $33,860,000 after purchasing an additional 455,100 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AGI. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price objective on shares of Alamos Gold in a report on Sunday, December 7th. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Desjardins began coverage on Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock. Scotiabank upped their target price on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $45.50.

Alamos Gold Stock Down 2.3%

Shares of AGI stock opened at $49.42 on Thursday. Alamos Gold Inc. has a 12 month low of $23.49 and a 12 month high of $55.41. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05. The firm has a market cap of $20.75 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 0.68 and a beta of 0.55. The stock has a 50 day moving average of $44.27 and a 200-day moving average of $37.68.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The business had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. Alamos Gold’s revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is 4.76%.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.