Allianz Asset Management GmbH Boosts Holdings in Alamos Gold Inc. $AGI

Allianz Asset Management GmbH grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 196,833 shares of the basic materials company’s stock after buying an additional 1,455 shares during the period. Allianz Asset Management GmbH’s holdings in Alamos Gold were worth $5,225,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Alamos Gold during the second quarter valued at approximately $30,000. Banque Transatlantique SA acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $31,000. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $41,000. SBI Securities Co. Ltd. grew its position in shares of 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. Finally, SVB Wealth LLC acquired a new stake in shares of Alamos Gold during the first quarter worth approximately $67,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AGI shares. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Bank of America raised their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Stifel Nicolaus started coverage on shares of Alamos Gold in a research report on Wednesday, July 9th. They set a “buy” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Alamos Gold in a research report on Wednesday, October 8th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $35.33.

Alamos Gold Stock Performance

AGI stock opened at $31.82 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 1 year low of $17.42 and a 1 year high of $37.54. The stock’s fifty day moving average is $32.02 and its two-hundred day moving average is $28.42.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The company had revenue of $438.20 million for the quarter, compared to analysts’ expectations of $400.61 million. During the same period last year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, research analysts predict that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.10 annualized dividend and a yield of 0.3%. Alamos Gold’s dividend payout ratio is presently 12.05%.

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.