Murphy Pohlad Asset Management LLC Has $2.97 Million Holdings in Alamos Gold Inc. (NYSE:AGI)

Murphy Pohlad Asset Management LLC lifted its holdings in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,860 shares of the basic materials company’s stock after purchasing an additional 12,990 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in Alamos Gold were worth $2,968,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Baldwin Brothers LLC MA bought a new position in Alamos Gold during the second quarter worth $47,000. Daiwa Securities Group Inc. bought a new position in Alamos Gold during the second quarter worth $48,000. Employees Retirement System of Texas bought a new position in Alamos Gold during the second quarter worth $88,000. Eastern Bank bought a new position in Alamos Gold during the third quarter worth $111,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Alamos Gold in the first quarter valued at $203,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

Alamos Gold Price Performance

Shares of NYSE AGI opened at $20.11 on Friday. The stock has a market capitalization of $8.45 billion, a P/E ratio of 40.22, a P/E/G ratio of 0.92 and a beta of 1.18. The company has a 50-day moving average price of $19.92 and a 200-day moving average price of $17.70. 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 issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Alamos Gold had a net margin of 17.73% and a return on equity of 8.52%. The firm had revenue of $332.60 million during the quarter, compared to analysts’ expectations of $282.78 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 27.4% on a year-over-year basis. As a group, equities research analysts anticipate that Alamos Gold Inc. will post 0.78 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Thursday, September 12th. Alamos Gold’s payout ratio is 20.00%.

Analyst Ratings Changes

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