Deutsche Bank AG Buys 36,837 Shares of Alamos Gold Inc. (NYSE:AGI)

Deutsche Bank AG boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.3% during the third quarter, Holdings Channel reports. The fund owned 737,653 shares of the basic materials company’s stock after acquiring an additional 36,837 shares during the period. Deutsche Bank AG’s holdings in Alamos Gold were worth $5,311,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AGI. Beck Mack & Oliver LLC bought a new position in shares of Alamos Gold in the 3rd quarter valued at about $144,000. Versor Investments LP boosted its stake in shares of Alamos Gold by 97.1% in the 3rd quarter. Versor Investments LP now owns 20,700 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 10,200 shares during the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Alamos Gold by 29.9% in the 3rd quarter. Linscomb & Williams Inc. now owns 26,098 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 6,008 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Alamos Gold by 8.2% in the 3rd quarter. Raymond James & Associates now owns 269,457 shares of the basic materials company’s stock valued at $1,935,000 after purchasing an additional 20,511 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Alamos Gold by 115.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 71,350 shares of the basic materials company’s stock valued at $513,000 after purchasing an additional 38,205 shares during the last quarter. 51.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AGI stock opened at $7.10 on Friday. The company has a market capitalization of $2.78 billion, a P/E ratio of -118.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company’s 50 day moving average price is $7.62 and its two-hundred day moving average price is $7.68. Alamos Gold Inc. has a 52 week low of $6.64 and a 52 week high of $9.38.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Tuesday, October 26th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Alamos Gold had a negative net margin of 2.28% and a positive return on equity of 6.57%. The business had revenue of $198.00 million during the quarter, compared to analyst estimates of $221.49 million. During the same quarter last year, the business earned $0.15 earnings per share. Alamos Gold’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Alamos Gold Inc. will post 0.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 21st. Stockholders of record on Tuesday, December 7th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, December 6th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.41%. Alamos Gold’s dividend payout ratio (DPR) is presently -166.64%.

Several research analysts recently weighed in on the stock. TD Securities reduced their price objective on shares of Alamos Gold from C$15.50 to C$14.50 and set a “buy” rating on the stock in a research note on Friday, October 29th. Zacks Investment Research raised shares of Alamos Gold from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Monday, January 10th. CIBC reduced their price objective on shares of Alamos Gold from C$15.50 to C$14.50 and set an “outperform” rating on the stock in a research note on Thursday, October 28th. Finally, National Bank Financial downgraded shares of Alamos Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $12.56.

About Alamos Gold

Alamos Gold, Inc engages in the exploration, development, mining and extraction of precious metals. It operates through the following segments: Young-Davidson, Mulatos, Island Gold, Elchanate, Kirazli and Corporate and Other. The company was founded on February 21, 2003 and is headquartered in Toronto, Canada.

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Institutional Ownership by Quarter for Alamos Gold (NYSE:AGI)

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