Alamos Gold Inc. $AGI Shares Purchased by Groupama Asset Managment

Groupama Asset Managment boosted its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 13.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 316,870 shares of the basic materials company’s stock after acquiring an additional 38,441 shares during the period. Groupama Asset Managment’s holdings in Alamos Gold were worth $11,046,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its stake in Alamos Gold by 93.2% during the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock worth $167,000 after buying an additional 2,307 shares during the period. Danske Bank A S purchased a new stake in shares of Alamos Gold in the 3rd quarter valued at approximately $476,000. Advisory Services Network LLC acquired a new position in shares of Alamos Gold in the 3rd quarter worth approximately $210,000. NewEdge Advisors LLC lifted its holdings in shares of Alamos Gold by 69.0% in the 3rd quarter. NewEdge Advisors LLC now owns 64,793 shares of the basic materials company’s stock worth $2,259,000 after acquiring an additional 26,449 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Alamos Gold by 3.2% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 258,531 shares of the basic materials company’s stock worth $8,930,000 after purchasing an additional 8,068 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGI. Desjardins initiated coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating on the stock. Jefferies Financial Group restated a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research report on Sunday, December 7th. Scotiabank lifted their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Wall Street Zen downgraded Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Price Performance

Shares of AGI opened at $41.88 on Thursday. Alamos Gold Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $55.41. The firm’s 50 day moving average price is $44.88 and its 200 day moving average price is $38.25. The company has a market cap of $17.58 billion, a P/E ratio of 19.94, a PEG ratio of 0.61 and a beta of 0.55. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Alamos Gold had a net margin of 48.97% and a return on equity of 14.83%. The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $596.18 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 53.1% on a year-over-year basis. On average, research analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a $0.04 dividend. The ex-dividend date is Thursday, March 12th. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s payout ratio is 7.62%.

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.