Dynamic Technology Lab Private Ltd Takes Position in Alamos Gold Inc. $AGI

Dynamic Technology Lab Private Ltd bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,576 shares of the basic materials company’s stock, valued at approximately $1,218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AGI. Van ECK Associates Corp raised its holdings 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 valued at $1,587,666,000 after buying an additional 11,876,324 shares during the last quarter. Norges Bank purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $219,475,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Alamos Gold in the fourth quarter valued at about $72,410,000. Bank of America Corp DE raised its holdings in shares of Alamos Gold by 137.3% in the third 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. raised its holdings in Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares in the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on AGI shares. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $50.67.

Alamos Gold Trading Up 2.0%

Shares of Alamos Gold stock opened at $35.16 on Friday. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The stock has a market cap of $14.74 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.49. The company has a 50-day moving average of $42.09 and a two-hundred day moving average of $42.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The company had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. On average, research analysts anticipate that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

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.