Midas Management Corp continued to hold its position in shares of Alamos Gold Inc. (NYSE:AGI) during the second quarter, Holdings Channel reports. The fund owned 225,000 shares of the company’s stock at the end of the second quarter. Alamos Gold accounts for approximately 1.1% of Midas Management Corp’s portfolio, making the stock its 17th largest position. Midas Management Corp’s holdings in Alamos Gold were worth $1,935,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Eagle Boston Investment Management Inc. raised its position in shares of Alamos Gold by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 437,097 shares of the company’s stock worth $3,759,000 after buying an additional 11,364 shares in the last quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Alamos Gold during the second quarter worth about $165,000. ClariVest Asset Management LLC raised its position in shares of Alamos Gold by 15.5% in the second quarter. ClariVest Asset Management LLC now owns 152,782 shares of the company’s stock worth $1,315,000 after buying an additional 20,500 shares in the last quarter. Aristotle Capital Boston LLC raised its position in shares of Alamos Gold by 13.3% in the first quarter. Aristotle Capital Boston LLC now owns 283,676 shares of the company’s stock worth $1,501,000 after buying an additional 33,381 shares in the last quarter. Finally, Moore Capital Management LP bought a new position in shares of Alamos Gold during the first quarter worth about $434,000. Hedge funds and other institutional investors own 60.54% of the company’s stock.
Alamos Gold Inc. (NYSE:AGI) traded down 2.99% during mid-day trading on Friday, hitting $7.47. 1,848,310 shares of the stock were exchanged. The firm has a 50-day moving average price of $7.90 and a 200-day moving average price of $7.68. The stock’s market capitalization is $1.99 billion. Alamos Gold Inc. has a 12-month low of $2.27 and a 12-month high of $10.41.
Alamos Gold (NYSE:AGI) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Alamos Gold had a negative return on equity of 3.73% and a negative net margin of 21.64%. The business earned $120.10 million during the quarter, compared to analysts’ expectations of $129.13 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 68.7% compared to the same quarter last year. Equities analysts predict that Alamos Gold Inc. will post $0.01 earnings per share for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a yield of 0.24%. Alamos Gold’s dividend payout ratio is currently -5.41%.
Several equities analysts have recently weighed in on AGI shares. Raymond James Financial Inc. upgraded shares of Alamos Gold from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Credit Suisse Group AG upgraded shares of Alamos Gold from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $7.50 to $11.00 in a research report on Thursday, June 30th. TheStreet upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Bank of America Corp. restated a “buy” rating on shares of Alamos Gold in a research report on Tuesday, July 12th. Finally, Desjardins lowered shares of Alamos Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Alamos Gold presently has a consensus rating of “Hold” and a consensus target price of $9.69.
Alamos Gold Company Profile
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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