206,705 Shares in Alamos Gold Inc. $AGI Bought by Korea Investment CORP

Korea Investment CORP bought a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 206,705 shares of the basic materials company’s stock, valued at approximately $5,487,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGI. Ameritas Advisory Services LLC bought a new stake in shares of Alamos Gold in the second quarter valued at about $30,000. Banque Transatlantique SA acquired a new stake in Alamos Gold in the 1st quarter valued at approximately $31,000. SVB Wealth LLC bought a new stake in Alamos Gold in the 1st quarter valued at approximately $67,000. Banque Cantonale Vaudoise acquired a new position in Alamos Gold during the 1st quarter worth approximately $68,000. Finally, Bessemer Group Inc. bought a new position in shares of Alamos Gold during the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Down 1.1%

Shares of AGI stock opened at $37.08 on Tuesday. Alamos Gold Inc. has a 52-week low of $17.80 and a 52-week high of $38.00. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 0.50 and a beta of 0.50. The firm’s 50-day moving average is $33.47 and its 200-day moving average is $29.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.Alamos Gold’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share. Sell-side analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s payout ratio is presently 7.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AGI shares. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (a)” rating on shares of Alamos Gold in a research note on Tuesday, November 25th. Desjardins initiated coverage on Alamos Gold in a report on Friday. They issued a “buy” rating for the company. Finally, Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $41.00.

Alamos Gold Profile

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.