Nykredit A S acquired a new position in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 174,260 shares of the basic materials company’s stock, valued at approximately $5,282,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in shares of Alamos Gold by 26.8% during the 1st quarter. Swiss National Bank now owns 1,413,236 shares of the basic materials company’s stock valued at $62,782,000 after purchasing an additional 298,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Alamos Gold by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock worth $74,757,000 after purchasing an additional 141,000 shares in the last quarter. DJE Kapital AG boosted its holdings in Alamos Gold by 66.2% in the first quarter. DJE Kapital AG now owns 296,236 shares of the basic materials company’s stock worth $12,665,000 after purchasing an additional 118,006 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Alamos Gold by 41.6% during the first quarter. The Manufacturers Life Insurance Company now owns 4,139,080 shares of the basic materials company’s stock worth $183,963,000 after buying an additional 1,216,977 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in Alamos Gold during the first quarter worth $13,332,000. Institutional investors own 64.33% of the company’s stock.
Alamos Gold Price Performance
NYSE:AGI opened at $36.96 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.07 and a quick ratio of 1.67. Alamos Gold Inc. has a one year low of $27.05 and a one year high of $55.41. The company has a fifty day moving average price of $32.16 and a 200 day moving average price of $39.05. The stock has a market cap of $15.47 billion, a P/E ratio of 13.34, a PEG ratio of 0.50 and a beta of 0.61.
Alamos Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Alamos Gold’s dividend payout ratio (DPR) is 5.78%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on AGI shares. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Jefferies Financial Group lowered their price objective on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Bank of America reduced their target price on Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings cut Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada dropped their price target on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Eight equities 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.50.
Check Out Our Latest Analysis on Alamos Gold
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.
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