Alamos Gold Inc. $AGI Shares Purchased by DJE Kapital AG

DJE Kapital AG raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 66.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 296,236 shares of the basic materials company’s stock after purchasing an additional 118,006 shares during the period. DJE Kapital AG’s holdings in Alamos Gold were worth $12,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Andra AP fonden grew its position in shares of Alamos Gold by 485.0% in the first quarter. Andra AP fonden now owns 129,512 shares of the basic materials company’s stock valued at $5,754,000 after purchasing an additional 107,372 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Alamos Gold during the 1st quarter worth approximately $35,000. SEB Asset Management AB purchased a new stake in Alamos Gold in the 1st quarter valued at approximately $1,890,000. Swiss National Bank lifted its stake in Alamos Gold by 26.8% in 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 buying an additional 298,900 shares in the last quarter. Finally, McAlvany Wealth Management LLC grew its holdings in Alamos Gold by 18.4% during the 1st quarter. McAlvany Wealth Management LLC now owns 106,493 shares of the basic materials company’s stock valued at $4,446,000 after buying an additional 16,531 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $28.15 on Tuesday. The company has a market cap of $11.78 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.37 and a beta of 0.55. The business has a fifty day simple moving average of $34.95 and a 200-day simple moving average of $40.97. Alamos Gold Inc. has a 52 week low of $23.92 and a 52 week high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 79.2% compared to the same quarter last year. Equities research analysts forecast that Alamos Gold Inc. will post 2.17 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Alamos Gold’s dividend payout ratio is currently 6.37%.

Wall Street Analysts Forecast Growth

AGI has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Bank of America cut their target price on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group decreased their price target on shares of Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, Royal Bank Of Canada lowered their price target on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Company 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.