Alamos Gold Inc. $AGI Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 3,562.2% in the third quarter, Holdings Channel reports. The firm owned 135,500 shares of the basic materials company’s stock after buying an additional 131,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Alamos Gold were worth $4,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. acquired a new stake in shares of Alamos Gold during the third quarter worth about $35,000. Bessemer Group Inc. purchased a new stake in Alamos Gold during the 2nd quarter valued at approximately $90,000. Employees Retirement System of Texas purchased a new stake in Alamos Gold during the 2nd quarter valued at approximately $112,000. Farther Finance Advisors LLC lifted its position in Alamos Gold by 528.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 3,757 shares during the period. Finally, Cutler Capital Management LLC grew its stake in shares of Alamos Gold by 17.1% in the 2nd quarter. Cutler Capital Management LLC now owns 6,832 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 1,000 shares during the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Trading Down 0.0%

Shares of AGI opened at $45.86 on Friday. Alamos Gold Inc. has a twelve month low of $22.03 and a twelve month high of $46.66. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $19.25 billion, a P/E ratio of 21.84, a PEG ratio of 0.41 and a beta of 0.61. The firm’s 50-day moving average is $40.90 and its two-hundred day moving average is $35.20.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.05. The firm had revenue of $575.30 million during the quarter, compared to the consensus estimate of $596.18 million. Alamos Gold had a return on equity of 15.46% and a net margin of 48.97%.Alamos Gold’s quarterly revenue was up 53.1% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, research analysts predict that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.04 per share. This is a boost from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio is presently 7.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alamos Gold in a report on Wednesday, February 4th. Desjardins began coverage on shares of Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating for the company. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $45.50.

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.