177,225 Shares in Alamos Gold Inc. $AGI Acquired by Marex Group plc

Marex Group plc bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 2nd quarter, Holdings Channel.com reports. The fund bought 177,225 shares of the basic materials company’s stock, valued at approximately $4,707,000.

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

Alamos Gold Stock Performance

Shares of AGI stock opened at $38.48 on Friday. Alamos Gold Inc. has a 12 month low of $17.80 and a 12 month high of $39.44. The company’s fifty day simple moving average is $33.93 and its 200-day simple moving average is $30.26. The firm has a market cap of $16.15 billion, a PE ratio of 30.06, a P/E/G ratio of 0.54 and a beta of 0.63. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $490.96 million. During the same quarter last year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. Equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced 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 of this dividend is Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. Alamos Gold’s payout ratio is currently 7.81%.

Wall Street Analyst Weigh In

AGI has been the topic of several recent analyst reports. Bank of America lifted their price objective on 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 raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Alamos Gold in a research note on Sunday, December 7th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Alamos Gold presently has an average rating of “Buy” and a consensus price target of $43.00.

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.