Alamos Gold Inc. $AGI Shares Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,816,935 shares of the basic materials company’s stock after purchasing an additional 133,121 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Alamos Gold were worth $70,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AGI. Atlantic Union Bankshares Corp bought a new stake in shares of Alamos Gold in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC grew its stake in 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 buying an additional 251 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Alamos Gold in the fourth quarter worth $44,000. EverSource Wealth Advisors LLC lifted its stake in Alamos Gold by 69.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock valued at $49,000 after buying an additional 581 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Alamos Gold by 93.2% in the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after buying an additional 2,307 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGI has been the subject of several recent research reports. Scotiabank upped their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research report on Friday, February 6th. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $50.67.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $39.61 on Friday. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.50 and a beta of 0.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41. The stock’s 50 day moving average price is $43.13 and its 200 day moving average price is $41.86.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results 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. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 79.2% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s payout ratio is presently 6.37%.

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.