39,783 Shares in Alamos Gold Inc. (NYSE:AGI) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 3rd quarter, Holdings Channel reports. The firm acquired 39,783 shares of the basic materials company’s stock, valued at approximately $793,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AGI. Hara Capital LLC purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at about $47,000. Principal Financial Group Inc. raised its position in Alamos Gold by 3.7% during the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock valued at $34,655,000 after purchasing an additional 61,700 shares during the period. Old West Investment Management LLC raised its position in 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 valued at $9,689,000 after purchasing an additional 48,128 shares during the period. Murphy Pohlad Asset Management LLC lifted its stake in shares of Alamos Gold by 9.6% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 148,860 shares of the basic materials company’s stock valued at $2,968,000 after purchasing an additional 12,990 shares during the last quarter. Finally, Oak Ridge Investments LLC purchased a new position in shares of Alamos Gold in the 3rd quarter worth approximately $1,397,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Alamos Gold Price Performance

AGI stock opened at $19.38 on Monday. The company has a market capitalization of $8.14 billion, a PE ratio of 32.30, a P/E/G ratio of 0.85 and a beta of 1.19. Alamos Gold Inc. has a 12 month low of $11.24 and a 12 month high of $21.45. The firm’s 50-day moving average is $19.97 and its 200 day moving average is $17.89.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share 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 9.24%. The company had revenue of $360.90 million for the quarter. Sell-side analysts forecast that Alamos Gold Inc. will post 0.78 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s payout ratio is 16.67%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AGI. Scotiabank raised their price target 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 raised 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 downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of 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 report on Sunday, September 8th. 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 has an average rating of “Moderate Buy” and a consensus 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.