Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Purchases 18,000 Shares of Alamos Gold Inc. $AGI

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 41.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,600 shares of the basic materials company’s stock after purchasing an additional 18,000 shares during the period. Alamos Gold comprises approximately 5.1% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 7th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Alamos Gold were worth $2,411,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AGI. Van ECK Associates Corp grew its holdings in Alamos Gold by 35.3% in the third quarter. Van ECK Associates Corp now owns 45,544,137 shares of the basic materials company’s stock valued at $1,587,666,000 after purchasing an additional 11,876,324 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Alamos Gold by 29.3% in the second quarter. CIBC Asset Management Inc now owns 11,132,337 shares of the basic materials company’s stock valued at $296,623,000 after purchasing an additional 2,521,347 shares during the last quarter. Bank of America Corp DE grew its holdings in Alamos Gold by 137.3% in the third quarter. Bank of America Corp DE now owns 2,624,565 shares of the basic materials company’s stock valued at $91,492,000 after purchasing an additional 1,518,374 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in 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 valued at $64,032,000 after purchasing an additional 1,227,695 shares during the last quarter. Finally, Cannell & Spears LLC grew its holdings in Alamos Gold by 512.4% in the third quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock valued at $44,492,000 after purchasing an additional 1,067,883 shares during the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of analyst reports. Scotiabank increased their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday, February 6th. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Weiss Ratings lowered Alamos Gold from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $50.67.

Alamos Gold Stock Performance

NYSE AGI opened at $46.28 on Tuesday. The business’s 50-day moving average price is $45.16 and its 200 day moving average price is $39.24. Alamos Gold Inc. has a twelve month low of $23.49 and a twelve month high of $55.41. The company has a market capitalization of $19.43 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 0.63 and a beta of 0.63. The company has a current ratio of 2.00, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.05. Alamos Gold had a return on equity of 14.83% and a net margin of 48.97%.The firm had revenue of $575.30 million for the quarter, compared to the consensus estimate of $596.18 million. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 53.1% compared to the same quarter last year. On average, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.3%. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is currently 7.62%.

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.