Alamos Gold Inc. $AGI Shares Purchased by General American Investors Co. Inc.

General American Investors Co. Inc. raised its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 63.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 386,219 shares of the basic materials company’s stock after buying an additional 150,000 shares during the quarter. General American Investors Co. Inc. owned about 0.09% of Alamos Gold worth $12,510,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Alamos Gold in the 3rd quarter worth approximately $29,000. Parallel Advisors LLC bought a new stake in shares of Alamos Gold in the 1st quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in shares of Alamos Gold by 258.0% during the 3rd quarter. Versant Capital Management Inc now owns 1,228 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 885 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Alamos Gold during the 1st quarter valued at approximately $59,000. Finally, CoreCap Advisors LLC lifted its stake in Alamos Gold by 146.8% during the third quarter. CoreCap Advisors LLC now owns 1,900 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,130 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AGI shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Alamos Gold in a report on Wednesday, September 16th. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Zacks Research raised shares of Alamos Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings raised shares of Alamos Gold from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Alamos Gold currently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

Alamos Gold Stock Performance

Shares of AGI stock traded up $0.77 during trading hours on Friday, reaching $31.85. The stock had a trading volume of 3,737,417 shares, compared to its average volume of 3,211,918. The firm has a market capitalization of $13.33 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.43 and a beta of 0.63. The firm has a 50-day simple moving average of $33.03 and a 200-day simple moving average of $37.89. Alamos Gold Inc. has a twelve month low of $26.92 and a twelve month high of $55.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.01 and a quick ratio of 1.62.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, October 28th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Alamos Gold had a net margin of 46.66% and a return on equity of 18.95%. The firm had revenue of $510.40 million for the quarter, compared to analyst estimates of $551.03 million. During the same period in the previous year, the firm earned $0.37 earnings per share. As a group, equities analysts forecast that Alamos Gold Inc. will post 2.09 earnings per share for the current year.

Alamos Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. Alamos Gold’s payout ratio is 6.37%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of gold mines. The company produces gold doré and concentrate from its mining operations and also evaluates opportunities to expand existing assets and develop new projects.

Alamos Gold’s principal operations are located in Ontario, Canada, including the Young-Davidson underground mine and the Island Gold underground mine. The company also operates the Magino open-pit mine in Ontario, which became part of its portfolio through the acquisition of Argonaut Gold.