Armor Advisors L.L.C. Takes $9.58 Million Position in Alamos Gold Inc. $AGI

Armor Advisors L.L.C. bought a new stake in shares of Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 248,245 shares of the basic materials company’s stock, valued at approximately $9,577,000. Alamos Gold comprises about 8.6% of Armor Advisors L.L.C.’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AGI. Atlantic Union Bankshares Corp purchased a new position in shares of Alamos Gold in the fourth quarter worth $25,000. Clearstead Advisors LLC raised its holdings in shares of Alamos Gold by 62.8% during the fourth quarter. Clearstead Advisors LLC now owns 651 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 251 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Alamos Gold during the fourth quarter worth $44,000. EverSource Wealth Advisors LLC raised its holdings in shares of Alamos Gold by 69.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 581 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Alamos Gold by 93.2% during the third quarter. CIBC Private Wealth Group LLC now owns 4,781 shares of the basic materials company’s stock valued at $167,000 after buying an additional 2,307 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings lowered shares of Alamos Gold from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Scotiabank raised their price target on shares of Alamos Gold from $55.00 to $60.00 and gave the company a “sector outperform” rating in a research report on Friday, February 6th. Wall Street Zen lowered shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alamos Gold in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $50.67.

Alamos Gold Price Performance

Shares of AGI stock opened at $40.88 on Friday. The firm’s 50-day moving average is $43.11 and its two-hundred day moving average is $41.85. The company has a market capitalization of $17.17 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.51 and a beta of 0.50. Alamos Gold Inc. has a 12 month low of $23.92 and a 12 month high of $55.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.01 and a quick ratio of 1.61.

Alamos Gold (NYSE:AGI) (TSE:AGI) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $596.70 million for the quarter, compared to the consensus estimate of $612.35 million. Alamos Gold had a net margin of 51.24% and a return on equity of 18.03%. The business’s revenue was up 79.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Analysts predict that Alamos Gold Inc. will post 2.46 earnings per share for the current year.

Alamos Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, June 11th. Alamos Gold’s payout ratio is 6.37%.

Alamos Gold Profile

Alamos Gold Inc is a Canadian-based intermediate gold producer engaged in the exploration, development and operation of mining projects in North America. Its principal activities include the acquisition, exploration and development of gold-bearing properties, and the management of operating mines. The company focuses on sustainable production practices and maintains a portfolio that spans both producing assets and advanced-stage development projects.

Alamos Gold operates multiple open pit and underground mines, including the Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos mine in Sonora, Mexico.