Harvest Portfolios Group Inc. Grows Stake in Alamos Gold Inc. $AGI

Harvest Portfolios Group Inc. lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,174 shares of the basic materials company’s stock after acquiring an additional 8,681 shares during the period. Harvest Portfolios Group Inc.’s holdings in Alamos Gold were worth $882,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in Alamos Gold by 23.2% during the first quarter. Envestnet Asset Management Inc. now owns 107,022 shares of the basic materials company’s stock worth $2,862,000 after purchasing an additional 20,186 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Alamos Gold by 9.3% in the 1st quarter. Brown Advisory Inc. now owns 11,782 shares of the basic materials company’s stock valued at $315,000 after buying an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Alamos Gold by 69.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 105,000 shares of the basic materials company’s stock valued at $2,845,000 after buying an additional 43,200 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new position in shares of Alamos Gold in the 1st quarter valued at $265,000. Finally, LBP AM SA acquired a new stake in Alamos Gold during the 1st quarter worth $1,155,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AGI shares. Weiss Ratings restated a “buy (b)” rating on shares of Alamos Gold in a research note on Wednesday, October 8th. CIBC reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday. Wall Street Zen raised Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, National Bankshares reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Alamos Gold Stock Up 1.8%

AGI opened at $30.99 on Friday. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $37.54. The business has a 50 day moving average price of $32.81 and a two-hundred day moving average price of $28.70. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $13.04 billion, a PE ratio of 24.21, a P/E/G ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $462.30 million for the quarter, compared to the consensus estimate 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 was up 28.1% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. As a group, research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS 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 paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s payout ratio is currently 7.81%.

Alamos Gold Company Profile

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.