Calamos Advisors LLC Invests $3.88 Million in Alamos Gold Inc. $AGI

Calamos Advisors LLC acquired a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 87,381 shares of the basic materials company’s stock, valued at approximately $3,882,000.

A number of other institutional investors also recently made changes to their positions in the business. Verbena Value LP lifted its stake in Alamos Gold by 44.7% in the first quarter. Verbena Value LP now owns 923,200 shares of the basic materials company’s stock worth $41,018,000 after purchasing an additional 285,200 shares during the last quarter. U S Global Investors Inc. boosted its position in Alamos Gold by 474.3% during the first quarter. U S Global Investors Inc. now owns 201,021 shares of the basic materials company’s stock valued at $8,931,000 after buying an additional 166,021 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Alamos Gold by 16.5% during the first quarter. Kestra Advisory Services LLC now owns 5,143 shares of the basic materials company’s stock valued at $228,000 after buying an additional 728 shares during the last quarter. Lee Danner & Bass Inc. grew its stake in shares of Alamos Gold by 1,200.0% during the first quarter. Lee Danner & Bass Inc. now owns 260,000 shares of the basic materials company’s stock valued at $11,552,000 after buying an additional 240,000 shares during the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in shares of Alamos Gold in the first quarter worth about $434,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE:AGI opened at $29.02 on Thursday. 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 firm’s fifty day simple moving average is $35.86 and its 200 day simple moving average is $41.21. The stock has a market cap of $12.15 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business had revenue of $596.70 million during the quarter, compared to analyst estimates of $612.35 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 79.2% on a year-over-year basis. As a group, research analysts predict that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio is presently 6.37%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AGI shares. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Bank of America reduced their price target on Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price target on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Royal Bank Of Canada lowered their price objective on Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.50.

Alamos Gold 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.