Robotti Robert Buys 2,500 Shares of Alamos Gold Inc. (NYSE:AGI)

Robotti Robert boosted its stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,500 shares of the basic materials company’s stock after purchasing an additional 2,500 shares during the period. Robotti Robert’s holdings in Alamos Gold were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company’s stock valued at $38,000 after buying an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Alamos Gold by 51.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd bought a new position in Alamos Gold in the fourth quarter valued at about $61,000. Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the fourth quarter worth about $136,000. Finally, XTX Topco Ltd bought a new stake in shares of Alamos Gold during the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Alamos Gold Stock Down 1.5 %

Shares of AGI stock opened at $25.82 on Thursday. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 0.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The company’s fifty day moving average price is $22.85 and its 200-day moving average price is $20.62. Alamos Gold Inc. has a one year low of $13.64 and a one year high of $26.50.

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

Alamos Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, March 13th. Alamos Gold’s dividend payout ratio (DPR) is currently 14.49%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Royal Bank of Canada boosted their price target on Alamos Gold from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price 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.