Dynamic Technology Lab Private Ltd Invests $1.22 Million in Alamos Gold Inc. $AGI

Dynamic Technology Lab Private Ltd acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 31,576 shares of the basic materials company’s stock, valued at approximately $1,218,000.

Several other institutional investors have also modified their holdings of AGI. Goldman Sachs Group Inc. lifted its position in shares of 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. Empowered Funds LLC purchased a new stake in shares of Alamos Gold during the 1st quarter worth $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alamos Gold by 129.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock worth $27,111,000 after purchasing an additional 571,536 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Alamos Gold by 375.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock worth $26,042,000 after purchasing an additional 774,111 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Alamos Gold by 6.9% during the 2nd quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock worth $10,709,000 after purchasing an additional 26,045 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

Shares of AGI opened at $35.16 on Friday. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The stock has a market cap of $14.74 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.44 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The firm has a fifty day moving average price of $42.09 and a 200 day moving average price of $42.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. During the same period in the previous year, the company earned $0.14 earnings per share. Alamos Gold’s quarterly revenue was up 79.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alamos Gold Inc. will post 2.46 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, June 11th. Alamos Gold’s dividend payout ratio is presently 6.37%.

Wall Street Analyst Weigh In

AGI has been the subject of several recent analyst reports. Weiss Ratings cut shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Wall Street Zen cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $50.67.

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.