Oppenheimer & Co. Inc. Buys Shares of 12,921 Alamos Gold Inc. (NYSE:AGI)

Oppenheimer & Co. Inc. purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,921 shares of the basic materials company’s stock, valued at approximately $258,000.

Several other hedge funds have also recently modified their holdings of AGI. Vanguard Group Inc. increased its stake in Alamos Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 14,669,249 shares of the basic materials company’s stock valued at $216,371,000 after buying an additional 250,207 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company’s stock valued at $119,003,000 after acquiring an additional 4,521,282 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Alamos Gold by 71.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,581 shares of the basic materials company’s stock valued at $97,183,000 after acquiring an additional 2,756,759 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Alamos Gold by 31.9% during the second quarter. Bank of New York Mellon Corp now owns 4,373,478 shares of the basic materials company’s stock worth $68,576,000 after acquiring an additional 1,058,000 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Alamos Gold by 311.9% during the second quarter. CIBC Asset Management Inc now owns 2,709,784 shares of the basic materials company’s stock worth $42,480,000 after purchasing an additional 2,051,935 shares in the last quarter. 64.33% of the stock is owned by institutional investors and hedge funds.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $18.88 on Friday. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $7.93 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. The business has a 50 day moving average price of $19.88 and a two-hundred day moving average price of $18.06.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The business had revenue of $360.90 million during the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. Sell-side analysts expect that Alamos Gold Inc. will post 0.76 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Alamos Gold’s dividend payout ratio (DPR) is 16.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AGI shares. StockNews.com cut Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. National Bank Financial lowered shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 8th. Royal Bank of Canada increased their price target on shares of Alamos Gold from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective 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. Finally, Scotiabank upped their target price on Alamos Gold from $20.00 to $22.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Alamos Gold has an average rating of “Moderate Buy” and a consensus 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.