Alamos Gold Inc. $AGI Shares Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. raised its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1,200.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 260,000 shares of the basic materials company’s stock after buying an additional 240,000 shares during the period. Lee Danner & Bass Inc. owned approximately 0.06% of Alamos Gold worth $11,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Alamos Gold by 35.3% in the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after acquiring an additional 11,876,324 shares during the period. Vanguard Group Inc. raised its holdings in Alamos Gold by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock worth $678,291,000 after purchasing an additional 332,335 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Alamos Gold by 6.3% during the third quarter. Mackenzie Financial Corp now owns 9,547,541 shares of the basic materials company’s stock worth $332,724,000 after purchasing an additional 567,926 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Alamos Gold by 11.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock worth $351,072,000 after purchasing an additional 964,317 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Alamos Gold by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 8,716,153 shares of the basic materials company’s stock worth $338,372,000 after purchasing an additional 514,819 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

NYSE AGI opened at $31.58 on Friday. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55. The business has a fifty day moving average of $37.82 and a 200-day moving average of $41.71. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s revenue was up 79.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. As a group, analysts predict that Alamos Gold Inc. will post 2.35 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio is 6.37%.

Analyst Ratings Changes

A number of research analysts have recently weighed in 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Bank of America dropped their target price 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. Finally, Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $53.00.

About Alamos Gold

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.