Caprock Group LLC Takes Position in Alamos Gold Inc. $AGI

Caprock Group LLC acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 501,200 shares of the basic materials company’s stock, valued at approximately $17,472,000. Caprock Group LLC owned approximately 0.12% of Alamos Gold at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after buying an additional 1,227,695 shares during the period. Empowered Funds LLC acquired a new position in shares of Alamos Gold during the first quarter worth approximately $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Alamos Gold by 129.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after purchasing an additional 571,536 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Alamos Gold in the 2nd quarter valued at $30,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Alamos Gold by 34.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,493 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 6,798 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Zacks Research lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Scotiabank raised their target price on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a report on Friday. Finally, Desjardins started coverage on Alamos Gold in a report on Friday, November 28th. They set a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $45.50.

Alamos Gold Price Performance

Alamos Gold stock opened at $45.27 on Wednesday. Alamos Gold Inc. has a 52 week low of $22.03 and a 52 week high of $45.51. The company’s 50 day moving average price is $39.78 and its two-hundred day moving average price is $34.38. The stock has a market cap of $19.01 billion, a P/E ratio of 35.37, a P/E/G ratio of 0.37 and a beta of 0.61. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s payout ratio is presently 7.81%.

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.