74,551 Shares in Alamos Gold Inc. (NYSE:AGI) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 74,551 shares of the basic materials company’s stock, valued at approximately $1,486,000.

Other institutional investors also recently bought and sold shares of the company. Baldwin Brothers LLC MA acquired a new position in shares of Alamos Gold during the 2nd quarter valued at $47,000. Hara Capital LLC acquired a new position in shares of Alamos Gold during the third quarter worth about $47,000. Daiwa Securities Group Inc. purchased a new stake in shares of Alamos Gold in the second quarter worth about $48,000. Employees Retirement System of Texas acquired a new stake in shares of Alamos Gold in the second quarter valued at about $88,000. Finally, Eastern Bank purchased a new stake in shares of Alamos Gold during the 3rd quarter valued at about $111,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Alamos Gold Price Performance

AGI opened at $18.30 on Tuesday. The company has a market capitalization of $7.69 billion, a P/E ratio of 30.50, a PEG ratio of 0.85 and a beta of 1.19. The company has a 50-day moving average of $19.80 and a 200-day moving average of $18.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold Inc. has a 1-year low of $11.24 and a 1-year high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its quarterly earnings data 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 8.85%. The firm had revenue of $360.90 million during the quarter. Equities analysts expect that Alamos Gold Inc. will post 0.76 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, December 5th. Alamos Gold’s dividend payout ratio is currently 16.67%.

Alamos Gold Company 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.