Alamos Gold Inc. $AGI Shares Acquired by Rathbones Group PLC

Rathbones Group PLC increased its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 145.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,529 shares of the basic materials company’s stock after buying an additional 26,389 shares during the period. Rathbones Group PLC’s holdings in Alamos Gold were worth $1,552,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new position in Alamos Gold during the 3rd quarter worth $35,000. EverSource Wealth Advisors LLC increased its position in shares of Alamos Gold by 69.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Alamos Gold in the 2nd quarter valued at about $98,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold in the 2nd quarter valued at about $112,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Alamos Gold by 528.4% during the third quarter. Farther Finance Advisors LLC now owns 4,468 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,757 shares during the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on AGI. Jefferies Financial Group reiterated a “buy” rating and issued a $49.00 price target on shares of Alamos Gold in a research note on Sunday, December 7th. Scotiabank increased their target price on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday, December 29th. Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Desjardins assumed coverage on Alamos Gold in a report on Friday, November 28th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $45.50.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $51.24 on Tuesday. The company has a market cap of $21.51 billion, a PE ratio of 24.40, a P/E/G ratio of 0.67 and a beta of 0.54. Alamos Gold Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $55.41. The firm has a 50-day simple moving average of $43.83 and a 200 day simple moving average of $37.45. The company has a quick ratio of 1.60, a current ratio of 2.00 and a debt-to-equity ratio of 0.05.

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

Alamos Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be issued a $0.04 dividend. This is a positive change 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 (DPR) is 4.76%.

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.