Capstone Investment Advisors LLC Makes New $490,000 Investment in Alamos Gold Inc. (NYSE:AGI)

Capstone Investment Advisors LLC purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,561 shares of the basic materials company’s stock, valued at approximately $490,000.

Several other institutional investors have also recently made changes to their positions in AGI. Natixis Advisors LLC raised its holdings in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after purchasing an additional 531 shares during the period. Foundation Resource Management Inc. lifted its position in shares of Alamos Gold by 3.0% during the 3rd quarter. Foundation Resource Management Inc. now owns 41,425 shares of the basic materials company’s stock valued at $826,000 after buying an additional 1,190 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Alamos Gold by 3.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 38,816 shares of the basic materials company’s stock valued at $609,000 after acquiring an additional 1,282 shares during the period. Commonwealth Equity Services LLC increased its holdings in Alamos Gold by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 66,445 shares of the basic materials company’s stock worth $1,042,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its stake in Alamos Gold by 0.6% during the 2nd quarter. Easterly Investment Partners LLC now owns 277,910 shares of the basic materials company’s stock worth $4,358,000 after acquiring an additional 1,673 shares during the period. Institutional investors own 64.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Scotiabank upped their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. StockNews.com lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price target on Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada upped their price objective on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold Price Performance

AGI stock opened at $18.82 on Friday. The company has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $18.19. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.91 billion, a P/E ratio of 31.37, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The business had revenue of $360.90 million during the quarter. Analysts anticipate that Alamos Gold Inc. will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

Alamos Gold Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.