Pekin Hardy Strauss Inc. Has $6.91 Million Position in Alamos Gold Inc. $AGI

by · The Cerbat Gem

Pekin Hardy Strauss Inc. grew its position in Alamos Gold Inc. (NYSE:AGI – Free Report) (TSE:AGI) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 260,097 shares of the basic materials company’s stock after purchasing an additional 6,360 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Alamos Gold were worth $6,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Alamos Gold by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 16,210,671 shares of the basic materials company’s stock valued at $433,133,000 after buying an additional 214,933 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,866,755 shares of the basic materials company’s stock worth $156,780,000 after acquiring an additional 957,359 shares in the last quarter. American Century Companies Inc. grew its stake in Alamos Gold by 4.9% in the first quarter. American Century Companies Inc. now owns 2,769,539 shares of the basic materials company’s stock valued at $74,029,000 after acquiring an additional 129,334 shares during the period. TD Asset Management Inc increased its holdings in shares of Alamos Gold by 1.7% in the second quarter. TD Asset Management Inc now owns 2,599,832 shares of the basic materials company’s stock worth $69,011,000 after acquiring an additional 43,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 worth $64,032,000 after purchasing an additional 1,227,695 shares during the period. 64.33% of the stock is owned by institutional investors.

Alamos Gold Price Performance

NYSE AGI opened at $30.42 on Friday. The firm’s 50 day moving average is $32.80 and its 200-day moving average is $28.69. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $12.80 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 12-month low of $17.42 and a 12-month high of $37.54.

Alamos Gold (NYSE:AGI – Get Free Report) (TSE:AGI) last announced its earnings results on Wednesday, October 29th. The basic materials company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Alamos Gold had a net margin of 33.46% and a return on equity of 12.69%. The business had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, September 11th. Alamos Gold’s dividend payout ratio is presently 7.81%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, September 16th. 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. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a research report on Thursday, October 23rd. Zacks Research cut shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, TD Securities reaffirmed a “buy” rating on shares of Alamos Gold in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $41.00.

Read Our Latest Research Report on AGI

Alamos Gold Profile

(Free Report)

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.

Further Reading

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