ASR Vermogensbeheer N.V. Invests $624,000 in Alamos Gold Inc. $AGI

ASR Vermogensbeheer N.V. acquired a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,500 shares of the basic materials company’s stock, valued at approximately $624,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGI. Vanguard Capital Wealth Advisors acquired a new stake in shares of Alamos Gold in the first quarter valued at approximately $221,000. Foundation Resource Management Inc. raised its holdings in shares of Alamos Gold by 3.6% in the first quarter. Foundation Resource Management Inc. now owns 52,817 shares of the basic materials company’s stock valued at $1,412,000 after purchasing an additional 1,822 shares during the last quarter. Accordant Advisory Group Inc raised its holdings in shares of Alamos Gold by 94.7% in the first quarter. Accordant Advisory Group Inc now owns 73,783 shares of the basic materials company’s stock valued at $1,973,000 after purchasing an additional 35,886 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Alamos Gold in the first quarter valued at approximately $320,000. Finally, Sowell Financial Services LLC raised its holdings in shares of Alamos Gold by 83.7% in the first quarter. Sowell Financial Services LLC now owns 125,773 shares of the basic materials company’s stock valued at $3,363,000 after purchasing an additional 57,301 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Stock Performance

Shares of AGI opened at $34.00 on Friday. The firm has a 50-day moving average of $29.82 and a 200-day moving average of $27.72. Alamos Gold Inc. has a one year low of $17.42 and a one year high of $35.61. The company has a market cap of $14.30 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Alamos Gold had a net margin of 22.99% and a return on equity of 10.67%. The company had revenue of $438.20 million during the quarter, compared to the consensus estimate of $400.61 million. During the same quarter last year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, equities analysts forecast that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is currently 12.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AGI shares. Stifel Canada upgraded shares of Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Friday. National Bankshares reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. CIBC restated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alamos Gold in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $31.17.

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.