Dynamic Technology Lab Private Ltd Acquires New Shares in Alamos Gold Inc. (NYSE:AGI)

Dynamic Technology Lab Private Ltd bought a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 74,551 shares of the basic materials company’s stock, valued at approximately $1,486,000.

Several other large investors have also recently added to or reduced their stakes in AGI. Vanguard Group Inc. grew its position in shares of Alamos Gold by 1.7% during the first quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock worth $216,371,000 after acquiring an additional 250,207 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Alamos Gold by 131.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock valued at $1,434,000 after purchasing an additional 55,352 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Alamos Gold by 71.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after buying an additional 2,756,759 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Alamos Gold during the first quarter worth approximately $452,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Alamos Gold in the 1st quarter worth approximately $203,000. 64.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGI has been the subject of a number of analyst reports. National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank lifted their price target on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, StockNews.com lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Alamos Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.06.

Alamos Gold Price Performance

NYSE AGI opened at $18.30 on Tuesday. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The stock’s 50-day moving average price is $19.80 and its two-hundred day moving average price is $18.15. The company has a market cap of $7.69 billion, a PE ratio of 30.50, a PEG ratio of 0.85 and a beta of 1.19. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The firm had revenue of $360.90 million during the quarter. On average, analysts predict that Alamos Gold Inc. will post 0.76 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.025 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.55%. Alamos Gold’s dividend payout ratio (DPR) is presently 16.67%.

Alamos Gold Profile

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.