Alamos Gold Inc. $AGI Shares Bought by Profund Advisors LLC

Profund Advisors LLC grew its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 47.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,866 shares of the basic materials company’s stock after purchasing an additional 16,573 shares during the period. Profund Advisors LLC’s holdings in Alamos Gold were worth $1,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Oppenheimer & Co. Inc. lifted its position in Alamos Gold by 12.1% in the third quarter. Oppenheimer & Co. Inc. now owns 15,312 shares of the basic materials company’s stock valued at $534,000 after buying an additional 1,652 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Alamos Gold by 35.5% during the third quarter. Alps Advisors Inc. now owns 92,436 shares of the basic materials company’s stock valued at $3,222,000 after acquiring an additional 24,223 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Alamos Gold by 2,652.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company’s stock valued at $1,932,000 after acquiring an additional 53,398 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Alamos Gold by 6.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 107,182 shares of the basic materials company’s stock worth $3,736,000 after acquiring an additional 6,366 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Alamos Gold by 0.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 197,376 shares of the basic materials company’s stock worth $6,881,000 after acquiring an additional 543 shares during the last quarter. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. Desjardins started coverage on Alamos Gold in a research note on Friday, November 28th. They issued a “buy” rating for the company. Scotiabank increased their target price on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday. Wall Street Zen cut Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, TD Securities reiterated a “buy” rating on shares of Alamos Gold in a research note on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Alamos Gold has an average rating of “Buy” and an average target price of $45.50.

Alamos Gold Stock Up 9.2%

Alamos Gold stock opened at $43.87 on Tuesday. The stock has a market cap of $18.42 billion, a PE ratio of 34.27, a P/E/G ratio of 0.34 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.33. The stock’s fifty day moving average is $39.60 and its two-hundred day moving average is $34.24. Alamos Gold Inc. has a 1-year low of $22.03 and a 1-year high of $45.18.

Alamos Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 4th. Alamos Gold’s payout ratio is presently 7.81%.

About Alamos Gold

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.