Renaissance Technologies LLC raised its position in shares of Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,118,171 shares of the basic materials company’s stock after purchasing an additional 92,227 shares during the period. Renaissance Technologies LLC’s holdings in Alamos Gold were worth $227,400,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of AGI. Smartleaf Asset Management LLC raised its stake in shares of Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Alamos Gold by 2.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock worth $454,000 after acquiring an additional 229 shares during the last quarter. Clearstead Advisors LLC raised its stake in Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 251 shares during the period. Sheets Smith Wealth Management raised its stake in Alamos Gold by 1.3% in the 4th quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after acquiring an additional 258 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Alamos Gold by 3.2% during the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 300 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on AGI shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Jefferies Financial Group dropped their price target on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Weiss Ratings lowered shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Royal Bank Of Canada dropped their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.
Alamos Gold Price Performance
AGI stock opened at $29.59 on Friday. The firm has a 50 day moving average of $33.90 and a 200-day moving average of $40.71. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $12.39 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business’s revenue for the quarter was up 79.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts predict that Alamos Gold Inc. will post 2.19 earnings per share for the current fiscal year.
Alamos Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 annualized dividend and a yield of 0.5%. Alamos Gold’s dividend payout ratio (DPR) is currently 6.37%.
Alamos Gold Company 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.
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