Goehring & Rozencwajg Associates LLC Buys 567,706 Shares of Alamos Gold Inc. (NYSE:AGI)

Goehring & Rozencwajg Associates LLC boosted its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 89.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,201,069 shares of the basic materials company’s stock after acquiring an additional 567,706 shares during the period. Alamos Gold accounts for about 3.7% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 8th biggest position. Goehring & Rozencwajg Associates LLC owned approximately 0.30% of Alamos Gold worth $18,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA acquired a new position in Alamos Gold in the 2nd quarter valued at about $47,000. Daiwa Securities Group Inc. acquired a new position in Alamos Gold during the 2nd quarter worth approximately $48,000. St. Johns Investment Management Company LLC acquired a new position in Alamos Gold during the 1st quarter worth approximately $115,000. Coppell Advisory Solutions Corp. acquired a new position in Alamos Gold during the 1st quarter worth approximately $203,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in Alamos Gold by 18.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,785 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 2,141 shares during the period. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE:AGI opened at $20.20 on Thursday. The business’s 50 day simple moving average is $18.30 and its 200-day simple moving average is $16.34. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.18. Alamos Gold Inc. has a 12 month low of $10.78 and a 12 month high of $21.14.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a return on equity of 8.52% and a net margin of 17.73%. The firm had revenue of $332.60 million for the quarter, compared to analyst estimates of $282.78 million. During the same quarter in the prior year, the company earned $0.15 EPS. Alamos Gold’s revenue was up 27.4% on a year-over-year basis. On average, equities analysts anticipate that Alamos Gold Inc. will post 0.75 earnings per share for the current year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Thursday, September 12th. Alamos Gold’s payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Scotiabank boosted their target price on Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their target price on Alamos Gold from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their target price on Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, National Bank Financial lowered Alamos Gold from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.81.

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.