Assenagon Asset Management S.A. Acquires 113,071 Shares of Alamos Gold Inc. (NYSE:AGI)

Assenagon Asset Management S.A. boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 40.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 395,769 shares of the basic materials company’s stock after buying an additional 113,071 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Alamos Gold worth $7,298,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AGI. Old West Investment Management LLC boosted its position in shares of Alamos Gold by 11.0% during the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after buying an additional 48,128 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Alamos Gold during the 3rd quarter worth approximately $1,196,000. Mackenzie Financial Corp grew its stake in shares of Alamos Gold by 147.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock worth $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Alamos Gold during the 3rd quarter worth approximately $793,000. Finally, National Bank of Canada FI raised its holdings in shares of Alamos Gold by 18.4% in the third quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company’s stock valued at $30,492,000 after purchasing an additional 237,278 shares during the last quarter. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Performance

NYSE AGI opened at $19.54 on Monday. The firm’s fifty day moving average price is $18.79 and its two-hundred day moving average price is $18.92. Alamos Gold Inc. has a 1 year low of $11.24 and a 1 year high of $21.45. The firm has a market capitalization of $8.21 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. 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 earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (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. As a group, research analysts anticipate that Alamos Gold Inc. will post 0.82 EPS for the current year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. Alamos Gold’s dividend payout ratio is currently 16.67%.

Analysts Set New Price Targets

Several brokerages recently commented on AGI. Jefferies Financial Group increased their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 4th. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Alamos Gold presently has a consensus rating of “Buy” and an average price target of $25.06.

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.