Alamos Gold Inc. $AGI Shares Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. raised its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 1,200.0% during the first quarter, HoldingsChannel.com reports. The firm owned 260,000 shares of the basic materials company’s stock after buying an additional 240,000 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Alamos Gold were worth $11,552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Alamos Gold by 44.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 222 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Alamos Gold by 2.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,760 shares of the basic materials company’s stock valued at $454,000 after buying an additional 229 shares during the period. Clearstead Advisors LLC lifted its position in Alamos Gold by 62.7% during the fourth 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 in the last quarter. Sheets Smith Wealth Management lifted its position in Alamos Gold by 1.3% during the fourth quarter. Sheets Smith Wealth Management now owns 20,098 shares of the basic materials company’s stock valued at $775,000 after buying an additional 258 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Alamos Gold by 3.2% during the third quarter. Private Advisor Group LLC now owns 9,739 shares of the basic materials company’s stock worth $340,000 after buying an additional 300 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Stock Down 0.0%

Shares of NYSE:AGI opened at $31.58 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a 52-week low of $23.92 and a 52-week high of $55.41. The company has a 50 day moving average of $37.82 and a two-hundred day moving average of $41.71. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates 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 business’s revenue for the quarter was up 79.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, analysts forecast that Alamos Gold Inc. will post 2.35 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.04 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Alamos Gold’s payout ratio is currently 6.37%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AGI. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Saturday, June 20th. Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings cut shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Bank of America lowered their price target on Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a report on Monday, June 22nd. One equities research 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 company. Based on data from MarketBeat, Alamos Gold presently has an average rating of “Buy” and a consensus target price of $53.00.

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.