Groupama Asset Managment Has $17.53 Million Stock Position in Alamos Gold Inc. $AGI

Groupama Asset Managment raised its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 43.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 454,387 shares of the basic materials company’s stock after buying an additional 137,517 shares during the period. Groupama Asset Managment’s holdings in Alamos Gold were worth $17,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AGI. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $64,032,000 after purchasing an additional 1,227,695 shares in the last quarter. Empowered Funds LLC bought a new position in Alamos Gold in the first quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Alamos Gold by 129.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after buying an additional 571,536 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Alamos Gold by 375.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 980,474 shares of the basic materials company’s stock valued at $26,042,000 after buying an additional 774,111 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Alamos Gold by 6.9% during the 2nd quarter. Sei Investments Co. now owns 403,217 shares of the basic materials company’s stock worth $10,709,000 after buying an additional 26,045 shares in the last quarter. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Alamos Gold Price Performance

NYSE:AGI opened at $36.25 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. The stock’s 50 day moving average price is $41.39 and its two-hundred day moving average price is $42.16. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 0.48 and a beta of 0.49. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The firm had revenue of $596.70 million during the quarter, compared to analysts’ expectations of $612.35 million. The company’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 business posted $0.14 earnings per share. On average, analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Alamos Gold’s payout ratio is presently 6.37%.

Analyst Ratings Changes

A number of research firms have recently commented on AGI. Wall Street Zen downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings downgraded Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alamos Gold currently has an average rating of “Buy” and a consensus target price of $50.67.

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.