DJE Kapital AG Decreases Stake in Alamos Gold Inc. $AGI

DJE Kapital AG lessened its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 259,170 shares of the basic materials company’s stock after selling 29,200 shares during the period. DJE Kapital AG’s holdings in Alamos Gold were worth $6,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AGI. Ameritas Advisory Services LLC bought a new stake in Alamos Gold during the second quarter worth $30,000. Banque Transatlantique SA purchased a new stake in shares of Alamos Gold during the 1st quarter valued at $31,000. SBI Securities Co. Ltd. raised its stake in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 660 shares during the period. SVB Wealth LLC purchased a new position in shares of Alamos Gold in the 1st quarter worth about $67,000. Finally, Banque Cantonale Vaudoise bought a new position in Alamos Gold during the first quarter valued at about $68,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 1.8%

AGI opened at $30.99 on Friday. The company has a 50 day moving average of $32.81 and a 200 day moving average of $28.70. The company has a market cap of $13.04 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 12 month low of $17.42 and a 12 month high of $37.54. 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 issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million for the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s payout ratio is presently 7.81%.

Analyst Ratings Changes

Several brokerages have commented on AGI. TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Bank of America boosted their target price on Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $41.00.

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.