Y Intercept Hong Kong Ltd Makes New Investment in Alamos Gold Inc. $AGI

Y Intercept Hong Kong Ltd purchased a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 56,567 shares of the basic materials company’s stock, valued at approximately $1,502,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Alamos Gold in the 2nd quarter worth approximately $30,000. Banque Transatlantique SA purchased a new position in Alamos Gold in the 1st quarter worth approximately $31,000. SBI Securities Co. Ltd. grew its stake in Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares in the last quarter. SVB Wealth LLC bought a new position in Alamos Gold during the first quarter valued at approximately $67,000. Finally, Banque Cantonale Vaudoise bought a new position in Alamos Gold during the first quarter valued at approximately $68,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

Shares of AGI stock opened at $30.80 on Monday. The stock has a fifty day moving average of $32.69 and a 200 day moving average of $28.64. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $37.54. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 0.50 and a beta of 0.50. 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 data on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. As a group, research analysts expect 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 given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is currently 7.81%.

Analyst Ratings Changes

A number of research analysts have commented on AGI shares. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Alamos Gold in a research report on Wednesday, October 8th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Finally, National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus target price 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.