Caprock Group LLC Takes Position in Alamos Gold Inc. $AGI

by · The Cerbat Gem

Caprock Group LLC purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 501,200 shares of the basic materials company’s stock, valued at approximately $17,472,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in Alamos Gold by 105.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,394,604 shares of the basic materials company’s stock valued at $64,032,000 after purchasing an additional 1,227,695 shares during the period. Empowered Funds LLC bought a new stake in shares of Alamos Gold in the first quarter valued at $200,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Alamos Gold by 129.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,013,866 shares of the basic materials company’s stock valued at $27,111,000 after buying an additional 571,536 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Alamos Gold during the 2nd quarter valued at $30,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Alamos Gold by 34.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,493 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 6,798 shares during the period. Institutional investors own 64.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AGI. Scotiabank boosted their price objective on Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research note on Friday. Bank of America lifted their target price on shares of Alamos Gold from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Alamos Gold in a research note on Wednesday, February 4th. Desjardins started coverage on shares of Alamos Gold in a report on Friday, November 28th. They issued a “buy” rating for the company. Finally, Wall Street Zen cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Three equities research 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 company. According to data from MarketBeat.com, Alamos Gold has a consensus rating of “Buy” and a consensus target price of $45.50.

Check Out Our Latest Analysis on AGI

Alamos Gold Price Performance

AGI stock opened at $45.27 on Wednesday. The firm has a 50 day moving average of $39.78 and a 200-day moving average of $34.38. The firm has a market capitalization of $19.01 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 0.37 and a beta of 0.61. Alamos Gold Inc. has a 12 month low of $22.03 and a 12 month high of $45.51. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Alamos Gold Dividend Announcement

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

Alamos Gold Company Profile

(Free Report)

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.

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