Groupama Asset Managment Has $17.53 Million Stock Holdings in Alamos Gold Inc. $AGI

Groupama Asset Managment increased its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 43.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 454,387 shares of the basic materials company’s stock after acquiring an additional 137,517 shares during the quarter. Groupama Asset Managment owned about 0.11% of Alamos Gold worth $17,530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AGI. Atlantic Union Bankshares Corp acquired a new stake in Alamos Gold in the fourth quarter worth $25,000. Clearstead Advisors LLC grew its holdings in shares of Alamos Gold by 62.7% in the 4th quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock valued at $25,000 after buying an additional 251 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Alamos Gold by 44.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Alamos Gold in the 4th quarter valued at $44,000. Finally, EverSource Wealth Advisors LLC raised its stake in Alamos Gold by 69.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after buying an additional 581 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Down 2.8%

Shares of NYSE:AGI opened at $36.25 on Friday. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $41.39 and its 200 day simple moving average is $42.16. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.48 and a beta of 0.49.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm’s revenue was up 79.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, research analysts forecast that Alamos Gold Inc. will post 2.46 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s payout ratio is 6.37%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AGI. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings lowered Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Alamos Gold currently has an average rating of “Buy” and an average target price of $50.67.

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.