Bradley Foster & Sargent Inc. CT raised its holdings in Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI by 47.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 176,795 shares of the basic materials company's stock after acquiring an additional 56,898 shares during the period. Bradley Foster & Sargent Inc. CT's holdings in Alamos Gold were worth $3,260,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of AGI. Legacy Capital Group California Inc. grew its position in Alamos Gold by 65.9% in the fourth quarter. Legacy Capital Group California Inc. now owns 17,538 shares of the basic materials company's stock worth $323,000 after acquiring an additional 6,966 shares in the last quarter. Cumberland Partners Ltd boosted its holdings in shares of Alamos Gold by 0.6% in the 4th quarter. Cumberland Partners Ltd now owns 277,000 shares of the basic materials company's stock worth $5,108,000 after purchasing an additional 1,600 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of 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. Guyasuta Investment Advisors Inc. increased its position in shares of Alamos Gold by 10.7% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 15,500 shares of the basic materials company's stock valued at $286,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Compound Global Advisors LLC bought a new position in shares of Alamos Gold during the 4th quarter valued at about $680,000. Institutional investors own 64.33% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on AGI shares. Royal Bank of Canada increased their price target on shares of Alamos Gold from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $26.06.
Read Our Latest Research Report on Alamos Gold
Alamos Gold Trading Up 1.8 %
AGI stock traded up $0.42 during midday trading on Wednesday, hitting $23.55. The company had a trading volume of 2,619,320 shares, compared to its average volume of 2,361,117. 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 Inc. has a 52 week low of $11.36 and a 52 week high of $24.27. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 0.40 and a beta of 1.16. The stock's 50 day moving average price is $20.38 and its 200 day moving average price is $19.81.
Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $375.80 million during the quarter, compared to analysts' expectations 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 research analysts expect that Alamos Gold Inc. will post 1.29 earnings per share for the current fiscal year.
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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