Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Grows Position in Alamos Gold Inc. $AGI

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 87.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,600 shares of the basic materials company’s stock after buying an additional 20,300 shares during the period. Alamos Gold accounts for approximately 3.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 11th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Alamos Gold were worth $1,521,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new position in shares of Alamos Gold in the 2nd quarter valued at $30,000. 1620 Investment Advisors Inc. purchased a new position in Alamos Gold during the 3rd quarter worth $35,000. Bessemer Group Inc. acquired a new position in Alamos Gold in the second quarter valued at $90,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Alamos Gold in the second quarter valued at about $98,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Alamos Gold in the second quarter valued at about $112,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of AGI opened at $43.45 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $38.32 and its two-hundred day moving average is $33.01. Alamos Gold Inc. has a twelve month low of $19.74 and a twelve month high of $43.95. The firm has a market capitalization of $18.24 billion, a PE ratio of 33.94, a P/E/G ratio of 0.39 and a beta of 0.63.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. Alamos Gold had a return on equity of 12.36% and a net margin of 33.46%.The business had revenue of $462.30 million during the quarter, compared to the consensus estimate of $490.96 million. During the same period in the prior year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.2%. Alamos Gold’s dividend payout ratio (DPR) is 7.81%.

Wall Street Analyst Weigh In

AGI has been the topic of several recent research reports. Desjardins assumed coverage on Alamos Gold in a research report on Friday, November 28th. They issued a “buy” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research note on Thursday, October 23rd. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. TD Securities restated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $43.00.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.