PKO Investment Management Joint Stock Co Purchases 35,463 Shares of Alamos Gold Inc. $AGI

PKO Investment Management Joint Stock Co grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 21.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,463 shares of the basic materials company’s stock after acquiring an additional 35,463 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Alamos Gold were worth $8,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after purchasing an additional 11,876,324 shares in the last quarter. Norges Bank bought a new position in Alamos Gold in the fourth quarter valued at $219,475,000. Massachusetts Financial Services Co. MA bought a new position in Alamos Gold in the fourth quarter valued at $72,410,000. Bank of America Corp DE increased its stake in Alamos Gold by 137.3% in the 3rd quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after buying an additional 1,518,374 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Alamos Gold by 105.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after buying an additional 1,227,695 shares during the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

NYSE:AGI opened at $31.98 on Tuesday. The stock has a market capitalization of $13.41 billion, a PE ratio of 12.74, a P/E/G ratio of 0.47 and a beta of 0.49. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The firm has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $42.12. 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 posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, research analysts expect that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 0.5%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio is presently 6.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America reduced their price objective on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a research note on Monday. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Saturday. Finally, Weiss Ratings cut Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $53.00.

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.