Burney Co. Purchases New Shares in Alamos Gold Inc. (NYSE:AGI)

Burney Co. purchased a new position in shares of Alamos Gold Inc. (NYSE:AGI - Free Report) TSE: AGI in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 62,947 shares of the basic materials company's stock, valued at approximately $1,161,000.

A number of other institutional investors have also modified their holdings of the company. Old West Investment Management LLC boosted its holdings in Alamos Gold by 11.0% during the 3rd quarter. Old West Investment Management LLC now owns 485,892 shares of the basic materials company's stock valued at $9,689,000 after acquiring an additional 48,128 shares during the period. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Alamos Gold in the third quarter valued at approximately $1,196,000. Mackenzie Financial Corp grew its holdings in shares of Alamos Gold by 147.6% in the second quarter. Mackenzie Financial Corp now owns 7,585,450 shares of the basic materials company's stock valued at $119,003,000 after purchasing an additional 4,521,282 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Alamos Gold during the 3rd quarter worth approximately $793,000. Finally, National Bank of Canada FI increased its stake in Alamos Gold by 18.4% during the 3rd quarter. National Bank of Canada FI now owns 1,529,315 shares of the basic materials company's stock worth $30,492,000 after buying an additional 237,278 shares during the period. 64.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on AGI. StockNews.com downgraded shares of Alamos Gold from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. National Bank Financial raised shares of Alamos Gold from a "sector perform" rating to an "outperform" rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group increased their price objective on shares of Alamos Gold from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $25.06.

Alamos Gold Stock Up 0.4 %

AGI traded up $0.08 on Friday, reaching $19.54. The company's stock had a trading volume of 1,128,196 shares, compared to its average volume of 1,912,545. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 0.59 and a beta of 1.15. Alamos Gold Inc. has a fifty-two week low of $11.24 and a fifty-two week high of $21.45. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $18.79 and a two-hundred day moving average of $18.87.

Alamos Gold (NYSE:AGI - Get Free Report) TSE: AGI last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.03). Alamos Gold had a net margin of 19.89% and a return on equity of 8.85%. The company had revenue of $360.90 million during the quarter. As a group, analysts forecast that Alamos Gold Inc. will post 0.82 EPS for the current fiscal year.

Alamos Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold's dividend payout ratio (DPR) is currently 16.67%.

About Alamos Gold

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.