Robinson Value Management Ltd. Has $181,000 Stock Position in Alamos Gold Inc. (NYSE:AGI)

Robinson Value Management Ltd. lessened its stake in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 37.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,102 shares of the basic materials company’s stock after selling 5,443 shares during the quarter. Robinson Value Management Ltd.’s holdings in Alamos Gold were worth $181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its position in shares of Alamos Gold by 131.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 97,403 shares of the basic materials company’s stock worth $1,434,000 after purchasing an additional 55,352 shares during the period. National Bank of Canada FI grew its stake in shares of Alamos Gold by 3.4% during the 1st quarter. National Bank of Canada FI now owns 1,394,930 shares of the basic materials company’s stock worth $21,824,000 after acquiring an additional 45,412 shares during the period. Vanguard Group Inc. lifted its holdings in Alamos Gold by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 14,419,042 shares of the basic materials company’s stock worth $194,224,000 after purchasing an additional 216,280 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Alamos Gold by 71.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock worth $97,183,000 after purchasing an additional 2,756,759 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Alamos Gold by 66.2% during the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock worth $2,829,000 after purchasing an additional 76,379 shares in the last quarter. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Trading Up 0.2 %

NYSE:AGI traded up $0.04 during trading hours on Monday, reaching $21.03. 1,414,166 shares of the company traded hands, compared to its average volume of 2,346,722. The business’s 50-day moving average price is $19.59 and its two-hundred day moving average price is $17.33. The stock has a market capitalization of $8.40 billion, a P/E ratio of 40.37, a P/E/G ratio of 0.86 and a beta of 1.18. 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 posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $282.78 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The company’s revenue was up 27.4% on a year-over-year basis. As a group, equities analysts anticipate that Alamos Gold Inc. will post 0.75 EPS for the current year.

Alamos Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s payout ratio is currently 19.23%.

Analysts Set New Price Targets

AGI has been the topic of several recent analyst reports. National Bank Financial cut Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. 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. StockNews.com upgraded Alamos Gold from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 14th. Royal Bank of Canada raised their price target 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, Jefferies Financial Group raised their price target on Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.