Invesco Ltd. Has $64.18 Million Holdings in Alamos Gold Inc. $AGI

Invesco Ltd. boosted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,416,439 shares of the basic materials company’s stock after purchasing an additional 134,816 shares during the period. Invesco Ltd. owned 0.57% of Alamos Gold worth $64,181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Alamos Gold in the second quarter valued at $30,000. Banque Transatlantique SA bought a new stake in Alamos Gold during the 1st quarter worth about $31,000. SVB Wealth LLC acquired a new stake in Alamos Gold in the 1st quarter valued at about $67,000. Bessemer Group Inc. acquired a new stake in Alamos Gold in the 2nd quarter valued at about $90,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Alamos Gold in the second quarter worth about $98,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AGI shares. Weiss Ratings reissued a “buy (a)” rating on shares of Alamos Gold in a report on Monday. Desjardins initiated coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating on the stock. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price target on shares of Alamos Gold in a report on Sunday. Finally, Bank of America lifted their price objective on Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $43.00.

Alamos Gold Stock Performance

Shares of AGI stock opened at $37.32 on Thursday. The stock has a market cap of $15.70 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 0.52 and a beta of 0.63. The stock has a 50-day moving average of $33.76 and a 200-day moving average of $30.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. Alamos Gold Inc. has a one year low of $17.80 and a one year high of $38.00.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business had revenue of $462.30 million for the quarter, compared to analyst estimates of $490.96 million. During the same quarter last year, the firm earned $0.19 EPS. Alamos Gold’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.025 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio is currently 7.81%.

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.