Alamos Gold Inc. $AGI Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. increased its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 474.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,021 shares of the basic materials company’s stock after buying an additional 166,021 shares during the quarter. Alamos Gold comprises approximately 1.0% of U S Global Investors Inc.’s portfolio, making the stock its 26th biggest holding. U S Global Investors Inc.’s holdings in Alamos Gold were worth $8,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cannell & Spears LLC boosted its position in shares of Alamos Gold by 512.4% in the third quarter. Cannell & Spears LLC now owns 1,276,296 shares of the basic materials company’s stock worth $44,492,000 after acquiring an additional 1,067,883 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Alamos Gold by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock valued at $678,291,000 after purchasing an additional 332,335 shares during the last quarter. Generate Investment Management Ltd grew its stake in shares of Alamos Gold by 14.3% during the 4th quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock valued at $46,296,000 after buying an additional 150,000 shares during the period. PKO Investment Management Joint Stock Co grew its stake in shares of Alamos Gold by 21.9% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 197,463 shares of the basic materials company’s stock valued at $8,767,000 after buying an additional 35,463 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Alamos Gold during the 4th quarter worth $72,410,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AGI shares. Weiss Ratings lowered Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a report on Saturday, June 20th. Wall Street Zen lowered Alamos Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Bank of America dropped their target price on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Royal Bank Of Canada cut their price target on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and an average target price of $47.50.

Alamos Gold Stock Down 1.5%

NYSE AGI traded down $0.44 during trading hours on Friday, hitting $29.44. The company had a trading volume of 3,272,678 shares, compared to its average volume of 5,092,783. Alamos Gold Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $55.41. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.38 and a beta of 0.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61. The firm’s 50 day moving average is $36.53 and its 200 day moving average is $41.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued 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 return on equity of 18.03% and a net margin of 51.24%.The company had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 79.2% on a year-over-year basis. Sell-side analysts anticipate that Alamos Gold Inc. will post 2.19 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is presently 6.37%.

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.