Alamos Gold Inc. $AGI Shares Purchased by Groupama Asset Managment

Groupama Asset Managment increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 499,286 shares of the basic materials company’s stock after acquiring an additional 44,899 shares during the quarter. Groupama Asset Managment’s holdings in Alamos Gold were worth $22,183,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $25,000. Clearstead Advisors LLC increased its stake in shares of Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Alamos Gold during the 1st quarter worth about $35,000. Finally, Bayforest Capital Ltd purchased a new position in Alamos Gold in the 4th quarter valued at about $44,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Finally, Bank of America dropped their price target on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Alamos Gold presently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Stock Performance

AGI opened at $27.83 on Friday. The firm has a market capitalization of $11.65 billion, a PE ratio of 10.05, a PEG ratio of 0.36 and a beta of 0.55. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41. The firm’s 50-day moving average price is $32.84 and its 200 day moving average price is $40.28. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. Alamos Gold had a return on equity of 19.77% and a net margin of 52.64%.The company had revenue of $594.10 million during the quarter, compared to analysts’ expectations of $593.58 million. During the same period in the prior year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts expect that Alamos Gold Inc. will post 2.19 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s payout ratio is presently 5.78%.

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.