Knightsbridge Asset Management LLC Makes New Investment in Alamos Gold Inc. $AGI

Knightsbridge Asset Management LLC purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 8,169 shares of the basic materials company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Transatlantique SA acquired a new position in shares of Alamos Gold during the 1st quarter valued at about $31,000. Sunbelt Securities Inc. acquired a new position in shares of Alamos Gold during the 1st quarter valued at about $41,000. SBI Securities Co. Ltd. boosted its position in shares of Alamos Gold by 67.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 660 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Alamos Gold during the 1st quarter valued at about $67,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Alamos Gold during the 1st quarter valued at about $68,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.1%

Shares of AGI opened at $32.21 on Friday. The firm has a market cap of $13.54 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 0.70 and a beta of 0.55. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $32.50. The company’s 50-day moving average price is $27.05 and its 200 day moving average price is $26.43. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued 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 analyst estimates of $400.61 million. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. Alamos Gold’s revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio is 12.05%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AGI. Stifel Canada raised shares of Alamos Gold to a “strong-buy” rating in a research report on Tuesday, July 8th. Stifel Nicolaus began coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a “buy” rating on the stock. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. CIBC restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, National Bankshares restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $30.38.

Alamos Gold 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.