SEB Asset Management AB Invests $1.89 Million in Alamos Gold Inc. $AGI

SEB Asset Management AB acquired a new stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the 1st quarter, HoldingsChannel reports. The firm acquired 42,613 shares of the basic materials company’s stock, valued at approximately $1,890,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alamos Gold by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 17,565,941 shares of the basic materials company’s stock valued at $678,291,000 after acquiring an additional 332,335 shares during the last quarter. Generate Investment Management Ltd grew its position in Alamos Gold by 14.3% during the 4th quarter. Generate Investment Management Ltd now owns 1,200,000 shares of the basic materials company’s stock worth $46,296,000 after acquiring an additional 150,000 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Alamos Gold by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,679,980 shares of the basic materials company’s stock worth $74,757,000 after acquiring an additional 141,000 shares during the last quarter. Swiss National Bank increased its holdings in Alamos Gold by 26.8% during the 1st quarter. Swiss National Bank now owns 1,413,236 shares of the basic materials company’s stock valued at $62,782,000 after purchasing an additional 298,900 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co increased its holdings in Alamos Gold by 21.9% during the 1st quarter. PKO Investment Management Joint Stock Co now owns 197,463 shares of the basic materials company’s stock valued at $8,767,000 after purchasing an additional 35,463 shares in the last quarter. 64.33% of the stock is owned by institutional investors.

Alamos Gold Trading Down 3.9%

AGI stock opened at $29.36 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.01 and a debt-to-equity ratio of 0.05. Alamos Gold Inc. has a twelve month low of $23.92 and a twelve month high of $55.41. The company has a market cap of $12.29 billion, a P/E ratio of 11.70, a PEG ratio of 0.39 and a beta of 0.55. The business has a fifty day moving average of $34.11 and a 200-day moving average of $40.79.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $596.70 million for the quarter, compared to analysts’ expectations of $612.35 million. Alamos Gold had a return on equity of 18.03% and a net margin of 51.24%.The firm’s quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. As a group, equities research analysts expect that Alamos Gold Inc. will post 2.19 EPS for the current year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 11th. Alamos Gold’s dividend payout ratio (DPR) is 6.37%.

Wall Street Analysts Forecast Growth

AGI has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price objective on Alamos Gold from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Scotiabank reissued an “outperform” rating on shares of Alamos Gold in a report on Tuesday, July 14th. Royal Bank Of Canada dropped their target price on shares of Alamos Gold from $52.00 to $42.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Alamos Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, Bank of America decreased their price target on shares of Alamos Gold from $50.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

Alamos Gold Company Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.