Fullerton Fund Management Co Ltd. Purchases 775,056 Shares of Alamos Gold Inc. $AGI

Fullerton Fund Management Co Ltd. grew its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 102.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,528,529 shares of the basic materials company’s stock after buying an additional 775,056 shares during the period. Alamos Gold accounts for about 1.6% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 23rd largest position. Fullerton Fund Management Co Ltd. owned approximately 0.36% of Alamos Gold worth $40,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Addenda Capital Inc. increased its position in shares of Alamos Gold by 12.3% during the second quarter. Addenda Capital Inc. now owns 1,944,928 shares of the basic materials company’s stock worth $51,657,000 after purchasing an additional 212,918 shares in the last quarter. Calamos Wealth Management LLC acquired a new stake in shares of Alamos Gold in the 2nd quarter worth $3,070,000. Y Intercept Hong Kong Ltd purchased a new position in Alamos Gold during the 2nd quarter worth $1,502,000. PCJ Investment Counsel Ltd. increased its position in Alamos Gold by 37.9% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 85,740 shares of the basic materials company’s stock valued at $2,282,000 after buying an additional 23,560 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Alamos Gold by 20.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,444 shares of the basic materials company’s stock valued at $390,000 after buying an additional 2,493 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AGI. Jefferies Financial Group restated a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research note on Sunday, December 7th. Wall Street Zen upgraded 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. BMO Capital Markets reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “buy (a)” rating on shares of Alamos Gold in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Alamos Gold presently has a consensus rating of “Buy” and an average price target of $43.00.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $38.48 on Friday. Alamos Gold Inc. has a twelve month low of $17.80 and a twelve month high of $39.44. 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 company has a market cap of $16.15 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 0.54 and a beta of 0.63. The company’s 50 day moving average is $33.93 and its 200 day moving average is $30.22.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. On average, sell-side analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, December 4th. Alamos Gold’s dividend payout ratio (DPR) is currently 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.