Alamos Gold Inc. (NYSE:AGI) Shares Purchased by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC grew its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,250 shares of the basic materials company’s stock after purchasing an additional 2,250 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Alamos Gold were worth $632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning increased its stake in Alamos Gold by 122.2% during the 3rd quarter. Creative Planning now owns 27,476 shares of the basic materials company’s stock worth $548,000 after buying an additional 15,113 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Alamos Gold during the third quarter worth about $3,290,000. Murphy Pohlad Asset Management LLC lifted its stake in shares of Alamos Gold by 9.6% in the third quarter. Murphy Pohlad Asset Management LLC now owns 148,860 shares of the basic materials company’s stock worth $2,968,000 after acquiring an additional 12,990 shares in the last quarter. Old West Investment Management LLC lifted its stake in shares of Alamos Gold by 11.0% in the third quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company’s stock worth $9,689,000 after acquiring an additional 48,128 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Alamos Gold by 3.7% in the third quarter. Principal Financial Group Inc. now owns 1,737,200 shares of the basic materials company’s stock valued at $34,655,000 after purchasing an additional 61,700 shares during the last quarter. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 0.9 %

AGI stock opened at $22.83 on Friday. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 0.40 and a beta of 1.16. Alamos Gold Inc. has a 1-year low of $12.40 and a 1-year high of $24.27. The firm has a fifty day moving average price of $20.67 and a two-hundred day moving average price of $19.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96.

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

Alamos Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Alamos Gold’s dividend payout ratio is currently 14.49%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $26.06.

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.