Alamos Gold Inc. $AGI Shares Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 2,652.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,411 shares of the basic materials company’s stock after acquiring an additional 53,398 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Alamos Gold were worth $1,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Alamos Gold in the second quarter valued at $144,808,000. Geode Capital Management LLC grew its position in Alamos Gold by 639.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,380,859 shares of the basic materials company’s stock worth $91,379,000 after purchasing an additional 2,923,478 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Alamos Gold by 29.3% in the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after purchasing an additional 2,521,347 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Alamos Gold by 32.3% during the second quarter. Mackenzie Financial Corp now owns 8,979,615 shares of the basic materials company’s stock valued at $238,990,000 after buying an additional 2,192,593 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after buying an additional 1,227,695 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AGI. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. TD Securities reissued a “buy” rating on shares of Alamos Gold in a report on Monday, November 3rd. Scotiabank upped their price objective on shares of Alamos Gold from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. CIBC reiterated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday. Finally, Desjardins started coverage on shares of Alamos Gold in a research report on Friday, November 28th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Buy” and a consensus price target of $44.25.

Alamos Gold Price Performance

Shares of Alamos Gold stock opened at $37.65 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $39.41 and its two-hundred day moving average price is $33.91. Alamos Gold Inc. has a 52 week low of $21.95 and a 52 week high of $45.18. The stock has a market cap of $15.81 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 0.35 and a beta of 0.61.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is presently 7.81%.

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.