AGF Management Ltd. Makes New $6.18 Million Investment in Alamos Gold Inc. (NYSE:AGI)

AGF Management Ltd. bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 334,870 shares of the basic materials company’s stock, valued at approximately $6,178,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Alamos Gold by 51.8% during 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 buying an additional 856 shares during the period. R Squared Ltd purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $61,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the 4th quarter valued at approximately $136,000. Finally, Plato Investment Management Ltd acquired a new stake in Alamos Gold in the 3rd quarter valued at $147,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Up 2.6 %

NYSE AGI opened at $24.57 on Thursday. Alamos Gold Inc. has a one year low of $13.06 and a one year high of $24.66. 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 business has a fifty day moving average price of $21.54 and a 200 day moving average price of $20.14. The company has a market cap of $10.33 billion, a P/E ratio of 35.60, a P/E/G ratio of 0.40 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. Research analysts anticipate that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio is currently 14.49%.

Wall Street Analyst Weigh In

AGI has been the subject of a number of research analyst reports. National Bank Financial upgraded shares of Alamos Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $26.06.

About Alamos Gold

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.