Ashton Thomas Private Wealth LLC bought a new stake in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 243,730 shares of the basic materials company's stock, valued at approximately $4,495,000. Ashton Thomas Private Wealth LLC owned approximately 0.06% of Alamos Gold as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. CIBC Asset Management Inc grew its position in Alamos Gold by 59.0% in 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% in the third quarter. FMR LLC now owns 6,374,543 shares of the basic materials company's stock valued at $127,027,000 after acquiring an additional 2,148,153 shares in the last quarter. Addenda Capital Inc. bought a new position in shares of Alamos Gold in the fourth quarter valued at approximately $34,869,000. Raymond James Financial Inc. purchased a new stake in shares of Alamos Gold during the fourth quarter valued at approximately $28,950,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alamos Gold by 19.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,554,082 shares of the basic materials company's stock worth $110,662,000 after acquiring an additional 891,255 shares during the period. Hedge funds and other institutional investors own 64.33% of the company's stock.
Alamos Gold Stock Performance
Shares of AGI traded down $0.03 during mid-day trading on Friday, hitting $23.87. The stock had a trading volume of 5,152,527 shares, compared to its average volume of 2,284,970. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.51 and a quick ratio of 0.96. The firm has a market cap of $10.03 billion, a P/E ratio of 34.59, a PEG ratio of 0.40 and a beta of 1.15. Alamos Gold Inc. has a 52 week low of $13.06 and a 52 week high of $24.59. The business has a fifty day moving average price of $21.21 and a 200-day moving average price of $20.06.
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, 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 the consensus estimate of $388.06 million. On average, equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current year.
Alamos Gold Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued 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 0.42%. Alamos Gold's payout ratio is 14.49%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AGI. Royal Bank of Canada upped their price objective on Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. National Bank Financial upgraded shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $26.06.
Read Our Latest Stock Analysis on AGI
Alamos Gold Company 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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