Schroder Investment Management Group Acquires 295,680 Shares of Alamos Gold Inc (AGI)
Schroder Investment Management Group boosted its holdings in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) by 88.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 629,105 shares of the basic materials company’s stock after buying an additional 295,680 shares during the quarter. Schroder Investment Management Group’s holdings in Alamos Gold were worth $4,246,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Moors & Cabot Inc. boosted its stake in Alamos Gold by 24.7% in the 1st quarter. Moors & Cabot Inc. now owns 49,253 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 9,750 shares during the period. Barclays PLC boosted its stake in Alamos Gold by 127.3% in the 1st quarter. Barclays PLC now owns 27,727 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 15,528 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Alamos Gold by 24.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 80,348 shares of the basic materials company’s stock worth $291,000 after purchasing an additional 15,710 shares during the period. Clean Yield Group acquired a new position in Alamos Gold in the 2nd quarter worth approximately $102,000. Finally, CIBC World Markets Inc. boosted its stake in Alamos Gold by 7.4% in the 2nd quarter. CIBC World Markets Inc. now owns 274,637 shares of the basic materials company’s stock worth $1,563,000 after purchasing an additional 19,003 shares during the period. Hedge funds and other institutional investors own 59.02% of the company’s stock.
AGI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Alamos Gold from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. CSFB reaffirmed an “outperform” rating and issued a $7.50 price objective on shares of Alamos Gold in a research note on Friday, September 7th. Finally, ValuEngine raised shares of Alamos Gold from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.29.
Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $169.00 million during the quarter, compared to analyst estimates of $164.28 million. Alamos Gold had a return on equity of 1.70% and a net margin of 2.50%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. Analysts forecast that Alamos Gold Inc will post 0.09 earnings per share for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 30th. Shareholders of record on Monday, October 15th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, October 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 16.67%.
Alamos Gold Profile
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company holds interests in the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada; the Mulatos mine located within the Salamandra Concessions in the Sierra Madre Occidental mountain range in the east-central portion of the State of Sonora, Mexico; and the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares situated in the State of Sonora, Mexico.
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