Alpine Woods Capital Investors LLC Grows Stock Holdings in Alamos Gold Inc. (NYSE:AGI)

Alpine Woods Capital Investors LLC raised its stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 52.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,000 shares of the basic materials company's stock after buying an additional 30,000 shares during the period. Alpine Woods Capital Investors LLC's holdings in Alamos Gold were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in AGI. Blue Trust Inc. raised its holdings in shares of 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Alamos Gold by 51.8% in 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 purchasing an additional 856 shares in the last quarter. R Squared Ltd bought a new stake in shares of Alamos Gold in the 4th quarter valued at about $61,000. Plato Investment Management Ltd bought a new stake in shares of Alamos Gold in the 3rd quarter valued at about $147,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Alamos Gold during the 4th quarter worth approximately $136,000. 64.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on AGI shares. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their price objective on shares of Alamos Gold from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alamos Gold has an average rating of "Buy" and a consensus price target of $26.06.

Remove Ads

Alamos Gold Stock Performance

Alamos Gold stock traded down $0.00 during mid-day trading on Tuesday, reaching $25.83. 4,746,279 shares of the company traded hands, compared to its average volume of 2,303,780. 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 fifty-two week low of $13.06 and a fifty-two week high of $26.42. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.15. The firm's fifty day moving average is $21.91 and its two-hundred day moving average is $20.27.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. On average, equities research 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 is Thursday, March 13th. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. Alamos Gold's payout ratio is 14.49%.

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.