119,078 Shares in Alamos Gold Inc. $AGI Purchased by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. acquired a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 119,078 shares of the basic materials company’s stock, valued at approximately $5,291,000. Alamos Gold accounts for approximately 1.9% of Wealth High Governance Asset Management Ltda.’s holdings, making the stock its 25th biggest holding.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Alamos Gold by 44.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 722 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 222 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Alamos Gold by 2.0% during 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 worth $25,000 after buying an additional 251 shares during the period. Sheets Smith Wealth Management increased 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 worth $775,000 after purchasing an additional 258 shares during the last quarter. Finally, Private Advisor Group LLC increased 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 acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AGI. Weiss Ratings downgraded Alamos Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of Alamos Gold from a “buy” rating to a “hold” rating in a research note on Sunday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Jefferies Financial Group cut 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. Finally, Scotiabank restated an “outperform” rating on shares of Alamos Gold in a research note on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

Alamos Gold Stock Down 0.0%

Shares of NYSE:AGI opened at $27.83 on Monday. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.36 and a beta of 0.56. Alamos Gold Inc. has a 1-year low of $23.92 and a 1-year high of $55.41. The company’s fifty day moving average is $32.84 and its two-hundred day moving average is $40.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.67 and a current ratio of 2.07.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $594.10 million during the quarter, compared to analyst estimates of $593.58 million. Alamos Gold had a return on equity of 19.28% and a net margin of 52.64%.The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities analysts anticipate that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. Alamos Gold’s dividend payout ratio is currently 5.78%.

About Alamos Gold

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.