Hara Capital LLC Takes Position in Alamos Gold Inc. (NYSE:AGI)

Hara Capital LLC acquired a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the third quarter, HoldingsChannel.com reports. The fund acquired 2,360 shares of the basic materials company’s stock, valued at approximately $47,000.

A number of other hedge funds have also recently modified their holdings of AGI. Private Advisor Group LLC grew its position in shares of Alamos Gold by 40.8% during the 1st quarter. Private Advisor Group LLC now owns 25,020 shares of the basic materials company’s stock valued at $369,000 after acquiring an additional 7,253 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alamos Gold by 54.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 161,001 shares of the basic materials company’s stock worth $2,375,000 after buying an additional 56,745 shares during the period. Oppenheimer & Close LLC boosted its holdings in Alamos Gold by 2.1% in the 1st quarter. Oppenheimer & Close LLC now owns 236,845 shares of the basic materials company’s stock worth $3,493,000 after buying an additional 4,902 shares during the period. Russell Investments Group Ltd. boosted its holdings in Alamos Gold by 66.2% in the 1st quarter. Russell Investments Group Ltd. now owns 191,746 shares of the basic materials company’s stock worth $2,829,000 after buying an additional 76,379 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Alamos Gold by 12.3% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 129,146 shares of the basic materials company’s stock worth $1,904,000 after buying an additional 14,146 shares during the period. Institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 1.6 %

Shares of AGI stock opened at $19.76 on Friday. The company’s fifty day simple moving average is $19.97 and its two-hundred day simple moving average is $17.84. The stock has a market cap of $8.30 billion, a P/E ratio of 39.52, a PEG ratio of 0.88 and a beta of 1.19. Alamos Gold Inc. has a 52 week low of $11.24 and a 52 week high of $21.45.

Alamos Gold (NYSE:AGI) (TSE:AGI) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. On average, analysts anticipate that Alamos Gold Inc. will post 0.78 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, September 12th. Alamos Gold’s dividend payout ratio is 20.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. National Bank Financial downgraded shares of Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. Royal Bank of Canada upped their target price on shares of Alamos Gold from $20.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com downgraded shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Scotiabank boosted their price target on shares of Alamos Gold from $20.00 to $22.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group boosted their price target on shares of Alamos Gold from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.