ClariVest Asset Management LLC increased its stake in Alamos Gold Inc. (NYSE:AGI) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,782 shares of the company’s stock after buying an additional 20,500 shares during the period. ClariVest Asset Management LLC’s holdings in Alamos Gold were worth $1,315,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Montrusco Bolton Investments Inc. bought a new position in Alamos Gold during the second quarter valued at approximately $165,000. Moore Capital Management LP acquired a new position in shares of Alamos Gold during the first quarter valued at about $434,000. PCJ Investment Counsel Ltd. acquired a new position in shares of Alamos Gold during the first quarter valued at about $1,136,000. Aristotle Capital Boston LLC boosted 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 valued at $1,501,000 after buying an additional 33,381 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in shares of Alamos Gold by 110.2% in the second quarter. CIBC World Markets Inc. now owns 222,104 shares of the company’s stock valued at $1,910,000 after buying an additional 116,426 shares during the last quarter. 60.54% of the stock is currently owned by institutional investors.
Alamos Gold Inc. (NYSE:AGI) traded up 4.759% during mid-day trading on Thursday, reaching $7.815. 2,003,064 shares of the company were exchanged. Alamos Gold Inc. has a 1-year low of $2.27 and a 1-year high of $10.41. The firm’s market capitalization is $2.09 billion. The stock has a 50-day moving average of $7.89 and a 200 day moving average of $7.68.
Alamos Gold (NYSE:AGI) last issued its quarterly earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The company had revenue of $120.10 million for the quarter, compared to analyst estimates of $129.13 million. Alamos Gold had a negative net margin of 21.64% and a negative return on equity of 3.73%. The business’s revenue for the quarter was up 68.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. Equities research analysts forecast that Alamos Gold Inc. will post $0.01 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid 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 (DPR) is presently -5.41%.
Several research analysts have issued reports on AGI shares. Bank of America Corp. reiterated a “buy” rating on shares of Alamos Gold in a report on Tuesday, July 12th. Credit Suisse Group AG upgraded shares of Alamos Gold from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $7.50 to $11.00 in a report on Thursday, June 30th. Zacks Investment Research cut shares of Alamos Gold from a “buy” rating to a “hold” rating in a report on Monday, August 15th. TheStreet upgraded shares of Alamos Gold from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, National Bank Financial upgraded shares of Alamos Gold from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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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