49,046 Alamos Gold Inc. $AGI Shares Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC raised its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 64.3% during the third quarter, HoldingsChannel.com reports. The firm owned 125,305 shares of the basic materials company’s stock after buying an additional 49,046 shares during the period. Calamos Wealth Management LLC’s holdings in Alamos Gold were worth $4,059,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Pekin Hardy Strauss Inc. increased its stake in shares of Alamos Gold by 0.3% in the third quarter. Pekin Hardy Strauss Inc. now owns 209,783 shares of the basic materials company’s stock worth $6,808,000 after buying an additional 542 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Alamos Gold by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 37,816 shares of the basic materials company’s stock worth $1,225,000 after purchasing an additional 1,696 shares during the last quarter. McAlvany Wealth Management LLC increased its position in shares of Alamos Gold by 47.5% in the 3rd quarter. McAlvany Wealth Management LLC now owns 173,849 shares of the basic materials company’s stock worth $5,631,000 after purchasing an additional 56,011 shares during the last quarter. Trek Financial LLC bought a new stake in shares of Alamos Gold in the 3rd quarter worth about $13,107,000. Finally, Accordant Advisory Group Inc raised its stake in shares of Alamos Gold by 25.1% in the 3rd quarter. Accordant Advisory Group Inc now owns 140,967 shares of the basic materials company’s stock valued at $4,566,000 after purchasing an additional 28,271 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Performance

AGI stock traded up $0.77 during mid-day trading on Friday, reaching $31.85. The company had a trading volume of 3,737,417 shares, compared to its average volume of 3,211,918. Alamos Gold Inc. has a one year low of $26.92 and a one year high of $55.41. The stock has a market capitalization of $13.33 billion, a P/E ratio of 12.69, a P/E/G ratio of 0.43 and a beta of 0.63. The company has a quick ratio of 1.62, a current ratio of 2.01 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $33.03 and its two-hundred day simple moving average is $37.89.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $510.40 million during the quarter, compared to analyst estimates of $551.03 million. Alamos Gold had a return on equity of 18.95% and a net margin of 46.66%. During the same period last year, the business earned $0.37 EPS. Research analysts anticipate that Alamos Gold Inc. will post 2.09 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $0.04 dividend. The ex-dividend date was Thursday, September 10th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGI. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. BMO Capital Markets restated an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 price target on shares of Alamos Gold in a research report on Wednesday, September 16th. Finally, Zacks Research upgraded Alamos Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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 gold mines. The company produces gold doré and concentrate from its mining operations and also evaluates opportunities to expand existing assets and develop new projects.

Alamos Gold’s principal operations are located in Ontario, Canada, including the Young-Davidson underground mine and the Island Gold underground mine. The company also operates the Magino open-pit mine in Ontario, which became part of its portfolio through the acquisition of Argonaut Gold.