PKO Investment Management Joint Stock Co Boosts Stock Holdings in Alamos Gold Inc. $AGI

PKO Investment Management Joint Stock Co increased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,500 shares of the basic materials company’s stock after purchasing an additional 11,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Alamos Gold were worth $4,092,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Alamos Gold in the second quarter valued at about $30,000. Banque Transatlantique SA purchased a new position in shares of Alamos Gold during the 1st quarter worth approximately $31,000. Sunbelt Securities Inc. purchased a new position in shares of Alamos Gold during the 1st quarter worth approximately $41,000. SBI Securities Co. Ltd. increased its stake in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 660 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Alamos Gold during the 1st quarter worth approximately $67,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Down 1.0%

Shares of AGI opened at $31.55 on Friday. The firm has a market cap of $13.27 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50. The company’s fifty day moving average is $32.26 and its two-hundred day moving average is $28.52. Alamos Gold Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $37.54. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. Alamos Gold’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. Analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were issued a $0.025 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s payout ratio is currently 12.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AGI. Bank of America raised their price objective on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, August 5th. Finally, Zacks Research raised shares of Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $41.00.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.