VELA Investment Management LLC grew its position in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 199,797 shares of the basic materials company's stock after buying an additional 11,440 shares during the period. Alamos Gold accounts for approximately 1.0% of VELA Investment Management LLC's investment portfolio, making the stock its 20th largest holding. VELA Investment Management LLC's holdings in Alamos Gold were worth $3,684,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its stake in Alamos Gold by 59.0% during the 4th quarter. CIBC Asset Management Inc now owns 7,726,726 shares of the basic materials company's stock worth $142,936,000 after purchasing an additional 2,867,027 shares in the last quarter. FMR LLC grew its holdings in shares of Alamos Gold by 50.8% during the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock worth $127,027,000 after buying an additional 2,148,153 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Alamos Gold by 19.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock valued at $110,662,000 after buying an additional 891,255 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Alamos Gold by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,066,428 shares of the basic materials company's stock worth $41,205,000 after acquiring an additional 38,913 shares during the last quarter. Finally, Addenda Capital Inc. bought a new position in shares of Alamos Gold during the 4th quarter worth approximately $34,869,000. Institutional investors and hedge funds own 64.33% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on AGI. 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 raised their target price on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $26.06.
Get Our Latest Report on AGI
Alamos Gold Trading Up 0.5 %
Shares of Alamos Gold stock traded up $0.11 on Tuesday, hitting $23.16. The stock had a trading volume of 1,783,921 shares, compared to its average volume of 2,268,346. Alamos Gold Inc. has a twelve month low of $12.40 and a twelve month high of $24.27. 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 firm has a market capitalization of $9.73 billion, a P/E ratio of 33.57, a PEG ratio of 0.40 and a beta of 1.16. The stock has a 50 day moving average of $20.77 and a 200 day moving average of $19.94.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating 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 business had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Sell-side analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
Alamos Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. Alamos Gold's dividend payout ratio (DPR) is currently 14.49%.
About Alamos Gold
(
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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