Amitell Capital Pte Ltd Buys 14,440 Shares of Alamos Gold Inc. (NYSE:AGI)

Amitell Capital Pte Ltd raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,698 shares of the basic materials company's stock after acquiring an additional 14,440 shares during the quarter. Alamos Gold makes up 4.6% of Amitell Capital Pte Ltd's portfolio, making the stock its 8th biggest holding. Amitell Capital Pte Ltd owned approximately 0.07% of Alamos Gold worth $5,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AGI. Blue Trust Inc. raised its stake in Alamos Gold by 155.7% in the 4th quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 buying an additional 856 shares in the last quarter. R Squared Ltd acquired a new position in shares of Alamos Gold in the fourth quarter valued at approximately $61,000. Daiwa Securities Group Inc. purchased a new position in shares of Alamos Gold during the fourth quarter valued at approximately $136,000. Finally, XTX Topco Ltd acquired a new stake in Alamos Gold during the third quarter worth approximately $207,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

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Alamos Gold Trading Up 4.4 %

Shares of AGI traded up $1.22 during trading hours on Friday, hitting $29.19. The stock had a trading volume of 6,016,646 shares, compared to its average volume of 2,531,595. Alamos Gold Inc. has a 12-month low of $14.31 and a 12-month high of $29.99. The firm has a market cap of $12.27 billion, a P/E ratio of 42.30, a P/E/G ratio of 0.40 and a beta of 1.02. 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 company's fifty day simple moving average is $24.51 and its 200 day simple moving average is $21.22.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $388.06 million. Alamos Gold had a return on equity of 10.05% and a net margin of 21.11%. Equities research analysts forecast that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.10 annualized dividend and a yield of 0.34%. Alamos Gold's dividend payout ratio is currently 14.49%.

Analyst Ratings Changes

Several brokerages have weighed in on AGI. Royal Bank of Canada boosted their price target on Alamos Gold from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, April 4th. National Bank Financial upgraded Alamos Gold to a "strong-buy" rating in a research note on Friday, March 21st. Bank of America decreased 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, April 8th. Finally, StockNews.com raised shares of Alamos Gold from a "hold" rating to a "buy" rating in a research note on Sunday, April 6th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $27.63.

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.