Bradley Foster & Sargent Inc. CT grew its stake in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 52.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,026,135 shares of the basic materials company’s stock after buying an additional 351,713 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Alamos Gold were worth $45,591,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in AGI. Norges Bank acquired a new position in shares of Alamos Gold in the fourth quarter worth approximately $219,475,000. Massachusetts Financial Services Co. MA acquired a new stake in Alamos Gold during the 4th quarter valued at approximately $72,410,000. Bank of America Corp DE increased its position in Alamos Gold by 137.3% during the 3rd quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after purchasing an additional 1,518,374 shares during the period. Goldman Sachs Group Inc. raised its holdings in Alamos Gold by 105.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Alamos Gold by 11.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,095,054 shares of the basic materials company’s stock worth $351,072,000 after purchasing an additional 964,317 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America lowered their price objective on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.50.
Alamos Gold Stock Performance
NYSE:AGI opened at $29.59 on Friday. The company has a fifty day moving average of $33.90 and a 200-day moving average of $40.71. The firm has a market capitalization of $12.39 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.38 and a beta of 0.55. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41.
Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last released its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. Alamos Gold’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 2.19 EPS for the current year.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s payout ratio is 6.37%.
About Alamos Gold
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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