Intact Investment Management Inc. Increases Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Intact Investment Management Inc. lifted its position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 902,560 shares of the basic materials company's stock after acquiring an additional 271,430 shares during the quarter. Intact Investment Management Inc. owned 0.21% of Alamos Gold worth $16,649,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its position in Alamos Gold by 155.7% during the fourth quarter. Blue Trust Inc. now owns 1,900 shares of the basic materials company's stock worth $38,000 after purchasing an additional 1,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Alamos Gold by 51.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,510 shares of the basic materials company's stock valued at $46,000 after buying an additional 856 shares in the last quarter. R Squared Ltd acquired a new stake in Alamos Gold in the 4th quarter valued at $61,000. Daiwa Securities Group Inc. purchased a new stake in Alamos Gold in the 4th quarter worth $136,000. Finally, Plato Investment Management Ltd purchased a new stake in Alamos Gold in the 3rd quarter worth $147,000. 64.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on AGI. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised their price target 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $26.06.

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Alamos Gold Price Performance

AGI traded down $0.00 on Tuesday, hitting $25.83. 4,746,279 shares of the company's stock were exchanged, compared to its average volume of 2,303,780. Alamos Gold Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $26.42. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 0.40 and a beta of 1.15. The firm has a 50-day moving average price of $21.91 and a 200-day moving average price of $20.27. The company has a current ratio of 1.51, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $375.80 million for the quarter, compared to analyst estimates of $388.06 million. Alamos Gold had a net margin of 21.11% and a return on equity of 10.05%. As a group, equities analysts anticipate that Alamos Gold Inc. will post 1.29 earnings per share for the current year.

Alamos Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 0.39%. Alamos Gold's dividend payout ratio is presently 14.49%.

Alamos Gold Company 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.