Y Intercept Hong Kong Ltd Takes Position in Alamos Gold Inc. $AGI

Y Intercept Hong Kong Ltd bought a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 195,341 shares of the basic materials company’s stock, valued at approximately $8,679,000.

A number of other institutional investors have also added to or reduced their stakes in AGI. Atlantic Union Bankshares Corp acquired a new stake in Alamos Gold in the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC raised its position in shares of 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 purchasing an additional 251 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 222 shares during the period. Bayforest Capital Ltd bought a new position in shares of Alamos Gold in the 4th quarter worth $44,000. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Trading Down 0.0%

Shares of Alamos Gold stock opened at $31.58 on Friday. The stock has a fifty day simple moving average of $37.82 and a 200 day simple moving average of $41.71. Alamos Gold Inc. has a 12-month low of $23.92 and a 12-month high of $55.41. The company has a market capitalization of $13.24 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55. The company has a current ratio of 2.01, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The business’s revenue was up 79.2% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. On average, sell-side analysts anticipate that Alamos Gold Inc. will post 2.35 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were issued a $0.04 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Alamos Gold’s dividend payout ratio is currently 6.37%.

Analysts Set New Price Targets

A number of brokerages have commented on AGI. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Saturday, June 20th. Weiss Ratings cut shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Bank of America decreased their target price on shares of Alamos Gold from $57.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, June 22nd. Finally, Wall Street Zen lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. One research 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, Alamos Gold presently has an average rating of “Buy” and a consensus target price of $53.00.

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.