E Fund Management Hong Kong Co. Ltd. Purchases Shares of 25,836 Alamos Gold Inc. $AGI

E Fund Management Hong Kong Co. Ltd. purchased a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 25,836 shares of the basic materials company’s stock, valued at approximately $997,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alamos Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 17,233,606 shares of the basic materials company’s stock valued at $600,712,000 after purchasing an additional 524,263 shares in the last quarter. Intact Investment Management Inc. raised its stake in shares of Alamos Gold by 3.8% in the third quarter. Intact Investment Management Inc. now owns 657,696 shares of the basic materials company’s stock valued at $22,928,000 after purchasing an additional 24,330 shares in the last quarter. Caldwell Investment Management Ltd. raised its stake in shares of Alamos Gold by 143.5% in the third quarter. Caldwell Investment Management Ltd. now owns 168,000 shares of the basic materials company’s stock valued at $5,818,000 after purchasing an additional 99,000 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Alamos Gold by 2,652.7% in the third quarter. SBI Securities Co. Ltd. now owns 55,411 shares of the basic materials company’s stock valued at $1,932,000 after purchasing an additional 53,398 shares in the last quarter. Finally, Cannell & Spears LLC raised its stake 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 valued at $44,492,000 after purchasing an additional 1,067,883 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Alamos Gold stock opened at $43.63 on Thursday. The business’s 50-day simple moving average is $45.22 and its 200 day simple moving average is $41.19. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 0.57 and a beta of 0.50. Alamos Gold Inc. has a 12-month low of $23.75 and a 12-month high of $55.41. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) 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 firm’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. As a group, research analysts anticipate that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 12th. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

Analysts Set New Price Targets

A number of brokerages recently commented on AGI. Weiss Ratings lowered Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Scotiabank increased their price objective on Alamos Gold from $55.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Friday, February 6th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered Alamos Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $50.67.

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.