Alamos Gold Inc. $AGI Holdings Raised by Kiker Wealth Management LLC

Kiker Wealth Management LLC lifted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 88.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,665 shares of the basic materials company’s stock after purchasing an additional 3,137 shares during the quarter. Kiker Wealth Management LLC’s holdings in Alamos Gold were worth $177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Montrusco Bolton Investments Inc. bought a new stake in Alamos Gold in the second quarter worth about $10,664,000. Allspring Global Investments Holdings LLC raised its position in Alamos Gold by 4.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,132,780 shares of the basic materials company’s stock worth $30,149,000 after acquiring an additional 46,900 shares in the last quarter. CWM LLC raised its position in Alamos Gold by 125.9% in the second quarter. CWM LLC now owns 7,115 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 3,965 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Alamos Gold by 34.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,493 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 6,798 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Alamos Gold in the second quarter worth about $30,000. 64.33% of the stock is currently owned by institutional investors.

Alamos Gold Trading Up 5.2%

Shares of AGI opened at $34.78 on Tuesday. The business’s 50-day moving average price is $30.86 and its 200 day moving average price is $28.06. The stock has a market capitalization of $14.63 billion, a P/E ratio of 41.91, a P/E/G ratio of 0.67 and a beta of 0.50. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $35.61. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million for the quarter, compared to analysts’ expectations of $400.61 million. During the same quarter in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s payout ratio is 12.05%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AGI. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alamos Gold in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, CIBC reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Alamos Gold has an average rating of “Buy” and a consensus price target of $31.17.

About Alamos Gold

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.