Pinnacle Wealth Management Group Inc. Makes New $1.91 Million Investment in Alamos Gold Inc. $AGI

Pinnacle Wealth Management Group Inc. acquired a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the second quarter, Holdings Channel reports. The firm acquired 71,731 shares of the basic materials company’s stock, valued at approximately $1,905,000. Alamos Gold makes up approximately 1.1% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its 29th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Alamos Gold during the second quarter worth $30,000. Banque Transatlantique SA acquired a new stake in shares of Alamos Gold during the first quarter worth $31,000. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the first quarter worth $41,000. SBI Securities Co. Ltd. raised its position in 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 valued at $44,000 after buying an additional 660 shares during the period. Finally, SVB Wealth LLC acquired a new position in Alamos Gold during the first quarter valued at $67,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on AGI. BMO Capital Markets reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alamos Gold in a research note on Friday. Bank of America boosted 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. CIBC reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 15th. Finally, Stifel Nicolaus initiated coverage on Alamos Gold in a report on Wednesday, July 9th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $41.00.

Alamos Gold Stock Down 1.0%

Shares of AGI opened at $31.55 on Friday. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 0.50 and a beta of 0.50. 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 business’s fifty day moving average price is $32.26 and its two-hundred day moving average price is $28.52. Alamos Gold Inc. has a 52 week low of $17.42 and a 52 week high of $37.54.

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. The firm had revenue of $438.20 million for the quarter, compared to analyst estimates of $400.61 million. Alamos Gold had a return on equity of 10.67% and a net margin of 22.99%.The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. On average, analysts predict 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 was paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 12.05%.

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.