Alamos Gold Inc. $AGI is Spark Investment Management LLC’s 9th Largest Position

Spark Investment Management LLC lowered its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 39.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 56,000 shares of the basic materials company’s stock after selling 36,000 shares during the quarter. Alamos Gold comprises about 4.1% of Spark Investment Management LLC’s portfolio, making the stock its 9th largest position. Spark Investment Management LLC’s holdings in Alamos Gold were worth $1,491,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AGI. Cheviot Value Management LLC raised its stake in shares of Alamos Gold by 1.2% in the first quarter. Cheviot Value Management LLC now owns 52,377 shares of the basic materials company’s stock worth $1,346,000 after purchasing an additional 635 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Alamos Gold in the second quarter valued at approximately $30,000. Banque Transatlantique SA acquired a new position in Alamos Gold in the 1st quarter worth approximately $31,000. Moors & Cabot Inc. raised its position in Alamos Gold by 2.7% during the 2nd quarter. Moors & Cabot Inc. now owns 50,051 shares of the basic materials company’s stock worth $1,329,000 after buying an additional 1,300 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in Alamos Gold by 0.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 196,833 shares of the basic materials company’s stock worth $5,225,000 after buying an additional 1,455 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

AGI has been the topic of several recent research reports. National Bankshares reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, August 5th. BMO Capital Markets restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. Bank of America upped their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Wall Street Zen upgraded Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings cut Alamos Gold from a “buy (a)” rating to a “buy (b+)” rating in a report on Thursday, November 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $41.00.

Alamos Gold Trading Up 2.3%

Shares of Alamos Gold stock opened at $33.83 on Wednesday. The firm has a 50-day simple moving average of $32.99 and a two-hundred day simple moving average of $28.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.49. Alamos Gold Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $37.54. The company has a market cap of $14.23 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.Alamos Gold’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, equities analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were given a $0.025 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s payout ratio is 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.