Themes Management Co LLC Invests $1.22 Million in Alamos Gold Inc. $AGI

Themes Management Co LLC bought a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,488 shares of the basic materials company’s stock, valued at approximately $1,216,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clearstead Advisors LLC raised its position in shares of Alamos Gold by 62.8% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 251 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of Alamos Gold by 1.3% during the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock worth $775,000 after acquiring an additional 258 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Alamos Gold by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after acquiring an additional 300 shares in the last quarter. Legacy Capital Group California Inc. raised its position in shares of Alamos Gold by 2.9% during the 4th quarter. Legacy Capital Group California Inc. now owns 11,936 shares of the basic materials company’s stock worth $460,000 after acquiring an additional 337 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Alamos Gold by 4.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 9,232 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.2%

Shares of NYSE:AGI opened at $38.42 on Tuesday. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The stock has a market cap of $16.14 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.49 and a beta of 0.50. The firm has a fifty day moving average price of $43.52 and a 200 day moving average price of $41.67.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. During the same period in the previous year, the business posted $0.14 earnings per share. Alamos Gold’s quarterly revenue was up 79.2% on a year-over-year basis. Sell-side analysts predict that Alamos Gold Inc. will post 2.46 EPS for the current year.

Wall Street Analyst Weigh In

AGI has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Scotiabank boosted 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, February 6th. Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and a consensus target price of $50.67.

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.