140,461 Shares in Alamos Gold Inc. $AGI Purchased by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda acquired a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the first quarter, Holdings Channel.com reports. The firm acquired 140,461 shares of the basic materials company’s stock, valued at approximately $6,241,000. Alamos Gold comprises 1.9% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 25th biggest position.

Several other large investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its position in shares of Alamos Gold by 105.2% during 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 acquiring an additional 1,227,695 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Alamos Gold in the 1st quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alamos Gold by 129.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after buying an additional 571,536 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Alamos Gold by 375.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock valued at $26,042,000 after acquiring an additional 774,111 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Alamos Gold by 6.9% in the second quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock worth $10,709,000 after purchasing an additional 26,045 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at $27.83 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07. The firm has a 50 day moving average price of $32.84 and a 200-day moving average price of $40.27. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.36 and a beta of 0.56.

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

Alamos Gold Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s payout ratio is 5.78%.

Analysts Set New Price Targets

A number of research firms have issued reports on AGI. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Weiss Ratings lowered shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada cut 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. Scotiabank restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Finally, Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

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.