174,260 Shares in Alamos Gold Inc. $AGI Bought by Nykredit A S

Nykredit A S purchased a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 174,260 shares of the basic materials company’s stock, valued at approximately $5,282,000.

Other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in shares of Alamos Gold during the 4th quarter worth about $25,000. Clearstead Advisors LLC boosted its position in shares of Alamos Gold by 62.7% during the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 251 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Alamos Gold by 44.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 222 shares during the period. Parallel Advisors LLC acquired a new position in Alamos Gold in the first quarter worth about $35,000. Finally, Sunbelt Securities Inc. acquired a new position in Alamos Gold in the first quarter worth about $59,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Down 0.0%

Shares of AGI stock opened at $36.96 on Monday. The company has a market capitalization of $15.47 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.50 and a beta of 0.61. Alamos Gold Inc. has a 12-month low of $27.05 and a 12-month high of $55.41. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $32.16 and a 200 day moving average price of $39.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The firm had revenue of $594.10 million for the quarter, compared to analysts’ expectations of $593.58 million. Alamos Gold had a net margin of 52.64% and a return on equity of 19.28%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. Research analysts forecast that Alamos Gold Inc. will post 2.12 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Alamos Gold’s dividend payout ratio is 5.78%.

Analyst Ratings Changes

AGI has been the subject of a number of analyst reports. Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings cut Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada dropped their target price on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Finally, Scotiabank reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.50.

About Alamos Gold

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.