Old West Investment Management LLC grew its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 43.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 697,165 shares of the basic materials company's stock after acquiring an additional 211,273 shares during the period. Alamos Gold comprises 5.2% of Old West Investment Management LLC's investment portfolio, making the stock its 4th biggest holding. Old West Investment Management LLC owned approximately 0.17% of Alamos Gold worth $12,856,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in AGI. Blue Trust Inc. increased its stake in Alamos Gold by 155.7% during the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after buying an additional 1,157 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Alamos Gold by 51.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock worth $46,000 after acquiring an additional 856 shares during the period. R Squared Ltd acquired a new stake in shares of Alamos Gold in the fourth quarter valued at $61,000. Daiwa Securities Group Inc. purchased a new position in Alamos Gold in the fourth quarter valued at $136,000. Finally, XTX Topco Ltd purchased a new stake in Alamos Gold during the 3rd quarter worth about $207,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.
Alamos Gold Stock Performance
Shares of AGI traded up $1.75 during midday trading on Thursday, reaching $28.29. 3,681,077 shares of the stock were exchanged, compared to its average volume of 2,512,583. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 40.82, a PEG ratio of 0.40 and a beta of 1.02. 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 Inc. has a twelve month low of $14.31 and a twelve month high of $28.30. The business's 50-day moving average price is $24.22 and its 200 day moving average price is $21.11.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million during the quarter, compared to analysts' expectations of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. On average, sell-side analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.
Alamos Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 13th. Alamos Gold's dividend payout ratio (DPR) is 14.49%.
Analyst Ratings Changes
A number of brokerages have recently commented on AGI. StockNews.com raised Alamos Gold from a "hold" rating to a "buy" rating in a research report on Sunday. Royal Bank of Canada boosted their target price on shares of Alamos Gold from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Bank of America cut their price target on Alamos Gold from $31.00 to $30.50 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Alamos Gold presently has a consensus rating of "Buy" and an average price target of $27.63.
Read Our Latest Research Report on AGI
Alamos Gold Profile
(
Free Report)
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.
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