Quantinno Capital Management LP Raises Stake in Alamos Gold Inc. $AGI

Quantinno Capital Management LP increased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 220.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,422 shares of the basic materials company’s stock after purchasing an additional 35,396 shares during the period. Quantinno Capital Management LP’s holdings in Alamos Gold were worth $2,284,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AGI. Atlantic Union Bankshares Corp bought a new position in Alamos Gold in the 4th quarter worth $25,000. Clearstead Advisors LLC raised its holdings in Alamos Gold by 62.7% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 251 shares during the period. Smartleaf Asset Management LLC raised its holdings in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 222 shares during the period. Parallel Advisors LLC bought a new position in shares of Alamos Gold in the first quarter worth about $35,000. Finally, Bayforest Capital Ltd bought a new position in shares of Alamos Gold in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AGI. Royal Bank Of Canada decreased their target price 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. 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 note on Thursday, July 9th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings cut shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Eight research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Alamos Gold Stock Up 0.3%

Shares of NYSE:AGI opened at $33.25 on Tuesday. The company has a 50-day moving average price of $31.82 and a 200 day moving average price of $39.86. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.04. Alamos Gold Inc. has a 12 month low of $25.31 and a 12 month high of $55.41. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.43 and a beta of 0.56.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data 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. The business had revenue of $594.10 million during the quarter, compared to analyst estimates of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. As a group, equities research analysts predict that Alamos Gold Inc. will post 2.18 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s payout ratio is 5.78%.

Alamos Gold 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.