Y Intercept Hong Kong Ltd Acquires New Holdings in Alamos Gold Inc. $AGI

Y Intercept Hong Kong Ltd purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 195,341 shares of the basic materials company’s stock, valued at approximately $8,679,000.

Several other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp raised its position in Alamos Gold by 35.3% during the 3rd quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock worth $1,587,666,000 after purchasing an additional 11,876,324 shares during the last quarter. Norges Bank bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $219,475,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Alamos Gold in the fourth quarter valued at about $72,410,000. Bank of America Corp DE raised its position in shares of Alamos Gold by 137.3% during the third quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock worth $91,492,000 after acquiring an additional 1,518,374 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Alamos Gold by 105.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock worth $64,032,000 after acquiring an additional 1,227,695 shares during the period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 0.0%

Shares of Alamos Gold stock opened at $31.58 on Friday. The stock’s 50-day moving average is $37.82 and its 200 day moving average is $41.71. Alamos Gold Inc. has a one year low of $23.92 and a one year high of $55.41. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.43 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $596.70 million for the quarter, compared to analyst estimates of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The company’s revenue was up 79.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. Equities research analysts anticipate that Alamos Gold Inc. will post 2.35 EPS for the current year.

Alamos Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were given 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 was Thursday, June 11th. Alamos Gold’s payout ratio is presently 6.37%.

Analysts Set New Price Targets

A number of research firms have weighed in on AGI. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Weiss Ratings downgraded shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Bank of America reduced their price objective on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Finally, Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $53.00.

Alamos Gold Company 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.