Alamos Gold Inc. (NYSE:AGI) Stake Raised by Williamson Legacy Group LLC

Williamson Legacy Group LLC increased its holdings in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,101 shares of the basic materials company’s stock after acquiring an additional 4,625 shares during the period. Williamson Legacy Group LLC’s holdings in Alamos Gold were worth $905,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Natixis Advisors LLC lifted its stake in Alamos Gold by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 27,681 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 531 shares in the last quarter. Veracity Capital LLC increased its position in Alamos Gold by 3.2% in the 4th quarter. Veracity Capital LLC now owns 22,569 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 694 shares during the last quarter. Captrust Financial Advisors increased its position in Alamos Gold by 4.0% in the 3rd quarter. Captrust Financial Advisors now owns 18,798 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 728 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Alamos Gold by 51.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 856 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in Alamos Gold by 4.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 21,700 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 1,000 shares during the last quarter. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on AGI. Royal Bank of Canada upped their target price on Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. National Bank Financial raised Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $26.06.

Alamos Gold Stock Performance

Shares of NYSE AGI opened at $22.83 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.51. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 0.40 and a beta of 1.16. The business’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $19.89. Alamos Gold Inc. has a 52 week low of $11.76 and a 52 week high of $24.27.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. As a group, equities research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.

Alamos Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 14.49%.

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.