Legacy Capital Group California Inc. Grows Stock Position in Alamos Gold Inc. (NYSE:AGI)

Legacy Capital Group California Inc. grew its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 14.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 20,146 shares of the basic materials company’s stock after buying an additional 2,608 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Alamos Gold were worth $539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in Alamos Gold during the first quarter worth approximately $41,000. SBI Securities Co. Ltd. lifted its position in Alamos Gold by 67.0% during the first quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Alamos Gold during the first quarter worth approximately $68,000. Cutler Capital Management LLC purchased a new position in Alamos Gold during the fourth quarter worth approximately $108,000. Finally, Coppell Advisory Solutions LLC lifted its position in Alamos Gold by 14.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,011 shares of the basic materials company’s stock worth $181,000 after buying an additional 1,260 shares in the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Price Performance

AGI stock opened at $26.42 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $11.11 billion, a PE ratio of 31.83, a P/E/G ratio of 0.57 and a beta of 0.51. Alamos Gold Inc. has a 12-month low of $16.63 and a 12-month high of $31.00. The business’s fifty day moving average price is $26.34 and its 200 day moving average price is $25.37.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $438.20 million for the quarter, compared to the consensus estimate of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. On average, sell-side 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, June 26th. Investors of record on Thursday, June 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 12th. Alamos Gold’s payout ratio is currently 12.05%.

Wall Street Analyst Weigh In

A number of research firms have commented on AGI. Stifel Canada upgraded Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. National Bankshares restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday. CIBC restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 15th. Stifel Nicolaus started coverage on shares of Alamos Gold in a report on Wednesday, July 9th. They issued a “buy” rating on the stock. Finally, Wall Street Zen upgraded shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $30.38.

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.