Gabelli Funds LLC lifted its position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,604,139 shares of the basic materials company’s stock after buying an additional 429,000 shares during the period. Gabelli Funds LLC owned approximately 1.53% of Alamos Gold worth $31,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Alamos Gold in the 2nd quarter worth $106,000. Raymond James Financial Services Advisors Inc. raised its holdings in Alamos Gold by 3.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,070 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 717 shares during the period. Empirical Finance LLC bought a new stake in Alamos Gold during the third quarter valued at about $138,000. Oxbow Advisors LLC raised its holdings in Alamos Gold by 80.2% during the third quarter. Oxbow Advisors LLC now owns 26,072 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 11,605 shares during the period. Finally, Legal General Group Plc raised its holdings in Alamos Gold by 37.1% during the first quarter. Legal General Group Plc now owns 28,798 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 7,800 shares during the period. Hedge funds and other institutional investors own 62.93% of the company’s stock.
A number of research firms have commented on AGI. BidaskClub raised Alamos Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine raised Alamos Gold from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research raised Alamos Gold from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada set a $9.00 target price on Alamos Gold and gave the stock a “hold” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Alamos Gold currently has an average rating of “Hold” and a consensus target price of $10.50.
Alamos Gold Inc. (NYSE:AGI) opened at $6.96 on Friday. Alamos Gold Inc. has a 12-month low of $5.95 and a 12-month high of $9.00. The company has a market capitalization of $2,038.43, a PE ratio of 113.00 and a beta of 0.46.
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a dividend yield of 0.3%. Alamos Gold’s dividend payout ratio (DPR) is presently 100.00%.
About Alamos Gold
Alamos Gold Inc is a Canada-based mid-tier gold producer. The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. The Mulatos mine is located within the 30,536 hectares Salamandra group of concessions in the state of Sonora in northwest Mexico.
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