Prudential PLC Purchases 1,054,961 Shares of Alamos Gold Inc. (AGI)
Prudential PLC increased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,897,191 shares of the basic materials company’s stock after acquiring an additional 1,054,961 shares during the period. Prudential PLC owned about 3.96% of Alamos Gold worth $85,422,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGI. Franklin Resources Inc. boosted its position in Alamos Gold by 50.6% during the second quarter. Franklin Resources Inc. now owns 38,805,105 shares of the basic materials company’s stock valued at $277,916,000 after purchasing an additional 13,039,324 shares during the last quarter. Fiera Capital Corp grew its stake in Alamos Gold by 220.7% in the second quarter. Fiera Capital Corp now owns 4,827,103 shares of the basic materials company’s stock valued at $34,148,000 after purchasing an additional 3,321,741 shares in the last quarter. First Eagle Investment Management LLC increased its position in Alamos Gold by 451.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,964,338 shares of the basic materials company’s stock worth $21,037,000 after purchasing an additional 2,427,238 shares during the last quarter. Bank of Montreal Can increased its position in Alamos Gold by 251.6% in the 2nd quarter. Bank of Montreal Can now owns 2,211,008 shares of the basic materials company’s stock worth $15,876,000 after purchasing an additional 1,582,135 shares during the last quarter. Finally, Alps Advisors Inc. increased its position in Alamos Gold by 74.5% in the 2nd quarter. Alps Advisors Inc. now owns 2,742,097 shares of the basic materials company’s stock worth $19,688,000 after purchasing an additional 1,170,633 shares during the last quarter. 63.26% of the stock is owned by hedge funds and other institutional investors.
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Alamos Gold Inc. (NYSE:AGI) traded up 0.219% during trading on Wednesday, reaching $6.855. 334,184 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $7.56 and a 200-day moving average price of $7.30. Alamos Gold Inc. has a 12 month low of $5.95 and a 12 month high of $9.00. The firm’s market cap is $2.06 billion.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $125.71 million. Alamos Gold had a positive return on equity of 0.44% and a negative net margin of 2.61%. Alamos Gold’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, analysts forecast that Alamos Gold Inc. will post $0.09 earnings per share for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be given a $0.01 dividend. This represents a yield of 0.3%. The ex-dividend date is Friday, October 13th. Alamos Gold’s dividend payout ratio is presently -39.99%.
A number of equities research analysts have recently weighed in on AGI shares. ValuEngine downgraded Alamos Gold from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. BidaskClub upgraded Alamos Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $9.00 price target on shares of Alamos Gold in a research note on Wednesday, August 2nd. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Alamos Gold in a report on Sunday, July 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.31.
Alamos Gold Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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