Alamos Gold Inc. $AGI Shares Acquired by PVG Asset Management Corp

PVG Asset Management Corp boosted its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 746.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,244 shares of the basic materials company’s stock after purchasing an additional 39,901 shares during the quarter. Alamos Gold comprises 1.4% of PVG Asset Management Corp’s investment portfolio, making the stock its 23rd largest holding. PVG Asset Management Corp’s holdings in Alamos Gold were worth $2,010,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in Alamos Gold during the 4th quarter worth $25,000. Clearstead Advisors LLC increased its stake in Alamos Gold by 62.7% in the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 251 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of Alamos Gold in the first quarter valued at about $35,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Alamos Gold during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AGI. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Bank of America reduced their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada decreased their price objective on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Wall Street Zen downgraded Alamos Gold from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.50.

Alamos Gold Stock Down 0.0%

AGI stock opened at $27.83 on Monday. The stock has a market capitalization of $11.65 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.36 and a beta of 0.56. The company has a fifty day moving average of $32.84 and a 200-day moving average of $40.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $594.10 million for the quarter, compared to analyst estimates of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, analysts expect that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s payout ratio is currently 5.78%.

About Alamos Gold

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.