Alamos Gold Inc. $AGI Shares Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd grew its position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 191.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,050,000 shares of the basic materials company’s stock after buying an additional 689,536 shares during the period. Alamos Gold comprises approximately 1.9% of Generate Investment Management Ltd’s portfolio, making the stock its 15th biggest holding. Generate Investment Management Ltd’s holdings in Alamos Gold were worth $36,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Alamos Gold during the second quarter valued at $30,000. Banque Transatlantique SA purchased a new stake in shares of Alamos Gold during the 1st quarter worth about $31,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Alamos Gold during the 3rd quarter valued at about $35,000. Bessemer Group Inc. acquired a new stake in shares of Alamos Gold during the 2nd quarter valued at about $90,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Alamos Gold in the 2nd quarter valued at about $98,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Stock Up 0.5%

NYSE AGI opened at $39.09 on Wednesday. The business has a fifty day moving average price of $35.07 and a 200 day moving average price of $31.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.72. The company has a market cap of $16.41 billion, a P/E ratio of 30.54, a P/E/G ratio of 0.55 and a beta of 0.63. Alamos Gold Inc. has a one year low of $17.99 and a one year high of $40.98.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $462.30 million during the quarter, compared to analyst estimates of $490.96 million. Alamos Gold had a net margin of 33.46% and a return on equity of 12.36%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.025 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.10 dividend on an annualized basis and a yield of 0.3%. Alamos Gold’s dividend payout ratio is presently 7.81%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AGI shares. Jefferies Financial Group reiterated a “buy” rating and set a $49.00 price target on shares of Alamos Gold in a research report on Sunday, December 7th. TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research report on Monday, November 3rd. Bank of America lifted their price target on shares of Alamos Gold from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Wall Street Zen raised shares of Alamos Gold from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “buy (a)” rating on shares of Alamos Gold in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $43.00.

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.