SG Americas Securities LLC Takes $843,000 Position in Alamos Gold Inc. $AGI

SG Americas Securities LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the first quarter, HoldingsChannel reports. The firm purchased 18,974 shares of the basic materials company’s stock, valued at approximately $843,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. McAlvany Wealth Management LLC purchased a new position in shares of Alamos Gold during the 4th quarter worth approximately $3,471,000. Rockefeller Capital Management L.P. boosted its stake in shares of Alamos Gold by 4,647.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 58,921 shares of the basic materials company’s stock valued at $2,273,000 after buying an additional 57,680 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Alamos Gold in the fourth quarter valued at approximately $512,000. Groupama Asset Managment grew its holdings in Alamos Gold by 43.4% during the fourth quarter. Groupama Asset Managment now owns 454,387 shares of the basic materials company’s stock worth $17,530,000 after acquiring an additional 137,517 shares during the period. Finally, Virtu Financial LLC acquired a new position in Alamos Gold during the fourth quarter worth $370,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AGI shares. Weiss Ratings cut Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Finally, Bank of America cut their price target on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Alamos Gold currently has a consensus rating of “Buy” and an average target price of $53.00.

Alamos Gold Stock Down 0.0%

Shares of NYSE:AGI opened at $31.58 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $13.24 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.43 and a beta of 0.55. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The stock’s fifty day simple moving average is $37.82 and its 200-day simple moving average is $41.74.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. As a group, equities research analysts forecast that Alamos Gold Inc. will post 2.35 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.

Alamos Gold 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.